Venezuela is pushing back against U.S. sanctions before the World Trade Organization, including ones imposed against its controversial cryptocurrency efforts. The complaint, filed late last month and published this week,…
Tag: Venezuelan cryptocurrency
Venezuela to Present Petro to Intergovernmental Group OPEC as Unit of Account for Oil
Venezuela will present its state-backed cryptocurrency Petro as a unit of account for crude oil trading to the Organization of the Petroleum Exporting Countries (OPEC) in 2019, the country’s…
Invest in Gold and Crypto Petro, Venezuela’s President Tells Public in Fresh TV Plug
The president of Venezuela Nicolas Maduro called on workers to save in gold and state-run cryptocurrency Petro during a salary shake-up he announced Thursday, October 18, local news portal…
Argentina, Venezuela, and Egypt Post Record P2P Bitcoin Trading Volumes
During October 2018, Bitcoin trading volumes on the peer-to-peer (P2P) platform LocalBitcoins reached peak levels in Argentina, Venezuela, and Egypt. Elsewhere, places like Croatia and Switzerland are at their…
Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro
Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday,…
Petro to Be Used for International Exchange Starting in October, Maduro Claims
Venezuela’s oil-backed cryptocurrency, the Petro, will be used for international commercial transactions starting in October 2018, according to a September 21 statement made by Nicolas Maduro. The Venezuelan president…
