petro

Markets

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.
Jun 2, 2020

Markets

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.
Mar 26, 2020

Markets

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.
Jan 15, 2020

Markets

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.
Dec 16, 2019

Policy

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.
Dec 16, 2019

Markets

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.
Sep 20, 2019

Markets

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.
Jul 3, 2019

Markets

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.
Mar 13, 2019

Markets

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.
Dec 19, 2018

Markets

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro
Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.
Dec 12, 2018