Browsing the "Petro" Tag

Venezuela’s Maduro Mandates Petro Use in Funding of Housing Project

| Daniel Palmer

Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.

Cuba Eyes Cryptocurrency as Solution to Sanctions, Financial Woes

| Daniel Palmer

Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions.

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

| Yogita Khatri

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.

Venezuela Isn’t the Crypto Use Case You Want It to Be

| Leigh Cuen

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

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.