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.
Latest Venezuela News
Venezuela green lights 6 crypto exchanges to sell state-backed Petro
Six cryptocurrency exchanges have been approved by the government of Venezuela to start selling the national cryptocurrency, Petro, ahead of its official launch on November 5, according to local media.
Passport fees in Venezuela must be paid in Petro, gov’t says
Starting this week, residents in Venezuela can only use Petro—the state-backed cryptocurrency—to pay for their passport fees.
Venezuela to start selling state-backed Petro in November
President Nicolas Maduro announced that Venezuela will officially launch the state-backed Petro in November, after the Parliament passed a decree on the nation’s official oil-backed crypto coin.
Traders, citizens have yet to see Venezuela’s Petro crypto
Although Venezuelan President Nicolas Maduro has demanded for the national Petro cryptocurrency to be accepted by the country’s banks, no one seems to know where or how they can get ahold of it.
Venezuela’s Nicolas Maduro insists banks must accept Petro coin
Venezuelan President Nicolas Maduro has reportedly ordered the country’s banks to accept the state-backed Petro cryptocurrency as a unit of account.
Venezuela announces 2 currency units—Petro and Sovereign Bolivar
Effective on August 20, Venezuela will have two official units of account: the state-backed Petro token and the new Petro-pegged sovereign bolivar, President Nicolas Maduro announced during a televised address.
Turks shift to cryptocurrencies to escape devaluing Lira
As the Turkish Lira continues its descent against other currencies, more and more people in Turkey are seeking out cryptocurrencies as a safe haven.
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.
Venezuela creates a new national currency affixed on the Petro
The Venezuelan president Nicolas Maduro is planning to introduce a new currency barely two months after his re-election. Maduro’s new currency will have five zeros less than the existing currency.
Iran may turn to cryptocurrency to avoid US sanctions: report
Like Venezuela, Iran is also considering adopting cryptocurrencies to combat the upcoming U.S. sanctions, according to reports.
Venezuela, how’s the Petro?
It has been over four months since the wildly hyped (and ridiculed) Petro ICO. And the token has been suffering one rejection after another.