Tag: Petro
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Venezuela: Government Enforces Payment for Passport with State-Backed Petro
Amidst a deepening economic and social crisis and a mass exodus of its citizens, Venezuela enforces payment for the passport by the state-backed cryptocurrency Petro.…
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Venezuela’s Petro to Be Listed on 6 Global Crypto Exchanges, Claims President Maduro
President Nicolas Maduro of Venezuela has announced the official launched the oil-backed cryptocurrency, Petro, in a televised address to the crisis-struck country. Petro, the Oil-Backed…
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In Venezuela, the Petro Is a No-Show
Reuters searched extensively through Venezuela but found no evidence that the Petro actually exists. The socialist policies of Venezuelan President Nicolás Maduro continue to wreak havoc…
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Petro: Venezuelan President Orders Commercial Banks to Adopt the Cryptocurrency
President Nicolás Maduro of Venezuela has mandated all local banks to accept the country’s national cryptocurrency, Petro, as a unit of account. This move is…
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Venezuela’s Petro is Nefast for Cryptocurrency and the Blockhain Industry
Issuing a national cryptocurrency opens up a can of worms. Venezuela is finding this out the hard way. Their Petro cryptocurrency is not gaining the…
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Dash CEO: Venezuela Has Become Our Number Two Market Amid the Country’s Hyperinflation
Crypto asset Dash is witnessing a surge of interest from residents in Venezuela as people turn to cryptocurrencies as a way of storing value amid the…
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Venezuela to Use Petro to Finance Home Building
The President of Venezuela has approved the use of the country’s cryptocurrency, the Petro, to be used to finance the building of new homes in the…
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Bitfinex Confirms it Will not List the Petro Cryptocurrency
It is evident the Venezuelan Petro is a pretty intriguing currency. Although it seems legitimate in the eyes of President Maduro, the rest of the…
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Venezuela to use Petro Sale Proceeds to Build 3 Million Housing Units
Venezuela’s national cryptocurrency has been pretty controversial. Most people assume it is not a currency that will gain traction whatsoever. If President Maduro is to…
