Cuba unveils plan for cryptocurrency as fiat falters
Cuba has confirmed it is considering plans that could introduce a national cryptocurrency, in a bid to revive the country’s flagging economy.
Latest Venezuela News
Paxful expands into developing countries with AirTM partnership
Paxful and AirTM both hope to expand their services with the new partnership, increasing access to cryptocurrency in new regions.
Venezuela and Russia discuss Petro based trade
Desperate to fix their trade situation, Venezuela might be close to convincing Russia to turn to Petro based trade.
Venezuela launches a crypto remittance service
Venezuela is launching a new remittance service for cryptocurrencies, in an effort to save their failing economy.
Venezuela’s Petro just got even more ridiculous
Although the Petro still has no clear definition, users of the crypto are going to have to dig deeper into their digital wallets, as the country is imposing a significant tax on all transactions.
New regulations for Venezuela crypto scene amid civil strife
Venezula has revealed new requirements for exchange platforms and miners. Those businesses will now have to register with a superintend body of crypto-related activities, named Sunacrip, and adhere to new regulations.
Maduro proves he has no concept of economics
Venezuela, led by a former bus driver who took over power following the exit of the country’s former dictator, has not done much to show that the man is capable of handling much more than a steering wheel.
Venezuela turns to WTO for help over US sanctions against Petro
The government of Venezuela has filed a complaint with the World Trade Organization (WTO) over U.S. sanctions, including those against the state-backed Petro.
Value of Venezuela’s Petro still as clear as mud
Venezuelan President Nicolas Maduro's Petro cryptocurrency has no clear value tied to it, and hasn't helped the people of the country in their dire economic situation.
Venezuela starts paying monthly pensions in Petro: report
Venezuelan citizens are reportedly not too happy with the government’s decision to convert their monthly pensions into Petro.
Venezuela pushes for Petro as unit of measurement for oil
Despite not having a stable economy upon which to build its national cryptocurrency, it is working diligently to have Petro seen as a viable cryptocurrency – although most indications are that it will never truly get off the ground.
Venezuela’s Petro goes on sale
The Venezuelan Petro has officially launched this week, after being made available for fiat and crypto purchases for the first time.