petro

Venezuela Pegs Minimum Wages to National Cryptocurrency: Report

The Venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC.

The Venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC.


US Offers $5M Bounty for Arrest of Venezuela's Crypto Chief

The head of Venezuela's state-backed petro cryptocurrency has been added to the U.S Immigration and Customs Enforcement's Most Wanted list.

The head of Venezuela's state-backed petro cryptocurrency has been added to the U.S Immigration and Customs Enforcement's Most Wanted list.


US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto

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.

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.


Venezuela's Maduro: Airlines Must Use Petros to Pay for Fuel

The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.

The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.


Authoritarian Airdrop: Maduro 'Gifts' Petros to Venezuelans for Christmas

Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.

Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.


Venezuela's Maduro Says He Will Airdrop Half a Petro Each to Public Employees, Retirees

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.

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 Maduro Mandates Petro Use in Funding of Housing Project

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

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

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

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

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

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

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

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