Latest Venezuela News

Venezuela wants OPEC to accept the Petro as a 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.​

Venezuela assembly wants a central bank for cryptocurrency
Business 14 August 2018

Venezuela assembly wants a central bank for cryptocurrency

Not content with just developing its own cryptocurrency, Venezuela is now taking it a notch higher with a proposal to create a central bank for cryptocurrency as part of its efforts to link the Petro token to its new bolivar currency, according to a Reuters report.

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