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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 President Maduro Is Not Pro-Crypto, He Just Likes Petro
13.11.2019
The president of Venezuela, Nicolas Maduro, is not as pro-crypto as he seems. He just wants to seize the opportunity to promote Petro and deal with hyperinflation
EToro’s Crypto Exchange EToroX Lists Dash and Seven Stablecoins
13.11.2019
The president of Venezuela, Nicolas Maduro, is not as pro-crypto as he seems. He just wants to seize the opportunity to promote Petro and deal with hyperinflation
Venezuela to Pay Taxes and Financial Services Through Petro Cryptocurrency
12.11.2019
Amidst the crumbling economy and ever-growing inflation, the Maduro government in Venezuela has been trying to hold control. As part of the economic revival plan, Venezuelan president Maduro launched a state-owned cryptocurrency Petro last year. The currency was meant to strengthen and alleviate...
Maduro OKs Petro-to-Fiat Trades, Will Provide Stores with Crypto Pay Tech
24.10.2019
Venezuelan president Nicolás Maduro has authorized Petro-to-fiat trading, and says his government will provide the necessary technology to all business holders in the country who want to start accepting crypto pay.
Maduro stated that his move – effective as of October 23 – would allow the “three...
Maduro: Caracas to Hand out up to USD 3.6m in Petro Tokens
17.10.2019
Nicolás Maduro. Source: Twitter, @NicolasMaduro
Venezuelan president Nicolás Maduro has announced that the central government will hand out a total of USD 543,700 worth of the state-run, oil-backed Petro cryptocurrency to each of the country’s 23 states on a bi-monthly basis.
In a televised...
Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support
3.10.2019
Venezuelans get a crypto debit card without fiat
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
Iran Is Being Targeted for Economic Independence, Not Terrorism
22.9.2019
New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already...
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
VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet
19.9.2019
The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time...
US President Donald Trump Bans Petro Cryptocurrency
16.9.2019
The United States President, Donald Trump has announced the ban of Venezuelan cryptocurrency, Petro, in the country. The U.S Senate Bill 1025, which will essentially enforce an executive order, signed by Donald Trump in 2018, came into law. The executive order banned the U.S citizens, permanent...
Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money
14.9.2019
There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust...
Venezuela: New Bitcoin Trading Record as Biggest Bank Embraces Petro
13.9.2019
Venezuelan banking customers could soon get a Petro wallet
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
Venezuelan Official Says Remittance Platform for Petro is Ready to Use
28.8.2019
A Venezuelan crypto official encourages citizens to use a Petro-friendly remittances platform
Venezuela National Lottery will Reward the Winners in BTC and Country’s Native Crypto- Petro
13.8.2019
The crypto is enjoying special attention in South America. The people from Argentina are paying a premium for cryptos. On the other hand, there are crypto prizes being offered in the Venezuelan national lottery. The interest in the cryptos is getting stronger, especially when the election’s results...
US Freezes Maduro Gov’t Assets as P2P Bitcoin Volume Soars in Venezuela
6.8.2019
In a major escalation against socialist president Nicolás Maduro, Donald Trump’s administration has frozen all Venezuelan government assets
Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions
25.7.2019
Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U.S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay....
Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
17.7.2019
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency...