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Venezuela extends reorganization shutdown of crypto agency to March 2024
26.9.2023
The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023
Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’
4.7.2023
The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.”
The coin was launched in October 2018, and made headlines when its masterminds claimed it was the first state-backed cryptoasset.
The government said that...
Venezuela shuts down crypto mining facilities, exchanges amid corruption probe
25.3.2023
According to Venezuela's attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department
Venezuela overhauls national crypto department
19.3.2023
A new board will lead the reorganization, headed by Anabel Pereira Fernández. The new team excludes Joselit Ramirez, who led the department since its inception in 2018
Venezuelans reportedly hit by new Bitcoin tax of up to 20%
7.2.2022
Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis
Ecuadorian Presidential Candidate Proposes a National Cryptocurrency but It Won’t Replace the Dollar
18.1.2021
An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country. Crypto Could Be Backed by Gold During an interview with...
305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro
13.8.2020
Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed...
Venezuela May Soon Be Collecting Taxes in Crypto
12.8.2020
Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it
US Government Puts Out $5 Million Bounty for Petro Supervisor
2.6.2020
The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction evasion schemes
Venezuela Raises Petrol Prices, Mandates Support for Petro at Gas Stations
2.6.2020
Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol regime
Venezuela Appears to Have Hard Forked The Petro
16.5.2020
Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month
Top Venezuelan Exchange Launches Support for Offline Bitcoin Transfers
11.4.2020
Venezuelans who are not connected to the internet can now transfer crypto assets including Bitcoin, Litecoins, Dash or Petros
National Digital Currencies: Not Yet Too Big to Fail
26.3.2020
What obstacles would national digital currencies face, and are there any benefits to launching them?
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters
21.11.2019
Venezuela to back its Petro with 30 million barrels of crude oil instead of 5 billion barrels as initially planned
Venezuela to Pay Retirees and Pensioners Christmas Bonus in Petro
17.11.2019
The Christmas bonus of Venezuelan retirees and pensioners will be paid in Petro
Venezuela’s Maduro Mandates Petro Use in Funding of Social Housing Project
20.9.2019
Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative
Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review
31.8.2019
This week from Cointelegraph en Español: news on payments in Spain, the Petro in Venezeula and Paypal in Mexico