Petro

Venezuela’s Maduro Announces 18-Fold Increase to Minimum Wage, Pegged to Official Cryptocurrency
Venezuela’s Maduro Announces 18-Fold Increase to Minimum Wage, Pegged to Official Cryptocurrency
According to a Bloomberg report, Venezuela President Nicolas Maduro announced a 18-fold increase in Venezuela’s monthly minimum wage to roughly 126 bolivars ($28) by pegging i...
Venezuela’s Maduro Announces 18-Fold Increase to Minimum Wage, Pegged to Official Cryptocurrency

Petro poster on a building (CoinDesk archives)
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.
Petro poster on a building (CoinDesk archives)

Credit: ICE.gov
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.
Credit: ICE.gov

U.S. officials allege Venezuelan President Nicolas Maduro operated a drug smuggling over the past 20 years. (Credit: Shutterstock / StringerAL)
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.
U.S. officials allege Venezuelan President Nicolas Maduro operated a drug smuggling over the past 20 years. (Credit: Shutterstock / StringerAL)

Credit: Nicolas Maduro/Twitter
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.
Credit: Nicolas Maduro/Twitter

Copy of Breakdown 12.16-3
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.
Copy of Breakdown 12.16-3

Credit: Nicolas Maduro/Twitter
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...
Credit: Nicolas Maduro/Twitter

Maduro via gov site
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.
Maduro via gov site

Cuba graffiti
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 graffiti

Petro maduro
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.
Petro maduro