Latest Venezuela News

Venezuela’s Petro just got even more ridiculous
Business 12 February 2019

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
Business 5 February 2019

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
Business 16 January 2019

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 pushes for Petro as unit of measurement for oil
Business 13 November 2018

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
Business 1 November 2018

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.​

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