Venezuela forces gas stations to accept petro amid petrol price hike
The government has started requiring all gas stations in Venezuela to sell petrol at a discount in exchange for Petro.
Latest Venezuela News
Venezuelan digital currency chief wanted in US
U.S authorities have placed a $5 million bounty on Joselit Ramirez, the head of Venezuela’s digital currency agency.
Venezuela President Nicolas Maduro is now a wanted man
The U.S. Department of Justice accuses the leader of running a drug-trafficking that relied on digital currencies as payment.
Rogue regimes embracing crypto to evade sanctions
Unfortunately, not all foreign states are using cryptocurrencies for reputable purposes.
Scam Petro abandoned in Venezuela: Report
Merchants in Venezuela are refusing to accept payments in Petro crypto, claiming that exchanging the Petros for bolivars is difficult and leads to huge losses.
Venezuelans don’t want the Petro crypto
Venezuelans are desperate to rid of the Petro crypto recently airdropped to them by the gov’t and are now selling it on P2P marketplaces for half the price.
Venezuela makes another attempt to revive petro
President Maduro has ordered all airlines operating from the capital Caracas to pay for fuel in the petro crypto as he looks to boost its uptake in Venezuela.
Venezuelan employees to receive Christmas ‘bonus’ in Petro
President Nicolas Maduro has told retirees, public employees and pensioners that they will be receiving a Christmas bonus.
Petro crypto ‘gifts’ await retirees, pensioners in Venezuela
The Venezuelan president is determined to see Petro used, paying pensioners their Christmas bonuses with the crypto.
Bittrex International shuts down operations in 31 countries
The exchange will officially shut down operations on October 29, blaming it on regulatory uncertainty.
Venezuela president not giving up on state-issued Petro cryptocurrency
President Nicolas Maduro said the state would pay “protectorates and states” the sum of 1 million Petros, twice per month, as a means of encouraging the crypto’s circulation.
Can Venezuela’s central bank store BTC, Ether?
Venezuela's central bank is looking into whether or not digital currency could bolster its international reserve figures, which are now approaching the lowest amount seen in 30 years.