Cuba has confirmed it is considering plans that could introduce a national cryptocurrency, in a bid to revive the country’s flagging economy.
Paxful and AirTM both hope to expand their services with the new partnership, increasing access to cryptocurrency in new regions.
Desperate to fix their trade situation, Venezuela might be close to convincing Russia to turn to Petro based trade.
Venezuela is launching a new remittance service for cryptocurrencies, in an effort to save their failing economy.
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.
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.
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.
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.
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.
Venezuelan citizens are reportedly not too happy with the government’s decision to convert their monthly pensions into Petro.
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.