Browsing the "Petro" Tag

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

| Nikhilesh De

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.

Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

| Yogita Khatri

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.

Venezuela to Present Petro at OPEC as the ‘Digital Currency for Oil’

| Yogita Khatri

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro.

Venezuelans Forced to Use Petro Cryptocurrency to Pay for Passports

| Daniel Palmer

Venezuelans must now pay for passports with the country's controversial petro token, according to a report.

US Senators Seek Stronger Sanctions on Venezuela’s ‘Petro’ Cryptocurrency

| Stan Higgins

A bipartisan group of U.S. senators is pushing for tighter sanctions against Venezuela's state-backed cryptocurrency, known as the petro.

Venezuela to Adopt Controversial Petro Token in Global Trade

| Wolfie Zhao

Venezuela's president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.

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Venezuela’s Petro Cryptocurrency Is a Gift to Future Generations

| Leon Markovitz

The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.

Venezuela’s Maduro Orders Banks to Adopt Petro Cryptocurrency

| Anna Baydakova

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.

Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency

| Anna Baydakova

Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.

Venezuela’s New National Currency Will Be Tied to the Petro, Says President

| Daniel Palmer

Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.