Venezuela’s Maduro Orders Top Bank to Make Petro Available to Public
President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.
Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running.
The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.
The blockchain-based exchange comes as part of new measures announced by Pres. Nicolas Maduro in a bid to sidestep tough U.S. sanctions.
Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto payments platform.
Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.
As the situation in Venezuela continues to escalate, artist cryptograffiti, crypto exchange AirTM and merchant services provider Cripto Conserje have teamed up for an all-day fundraiser to tear down – in whatever way they can – Maduro's regime.