Browsing the "Venezuela" 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.

This Bitcoin Skeptic Wants to Make ‘Stable’ Cryptos for Venezuela

| Leigh Cuen

Economist Steve Hanke has joined the board of the P2P cryptocurrency exchange AirTM and will guide its Latin American expansion, including a new…

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.

Crypto Exchange AirTM Targets Troubled Markets With $7 Million Raise

| Nikhilesh De

Peer-to-peer cryptocurrency exchange AirTM has raised $7 million it says it will use to expand in troubled Latin American economies.

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.