US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro
The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.
Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.
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.
The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.
Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.
Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions.