Bitcoin Blockchain and Cryptocurrency News Center
Venezuela has reportedly begun converting pensioners’ monthly payments into its controversial cryptocurrency, the petro. According to the Caracas Chronicles, an English-language politics and economics blog based in the country, the government has recently been taking the bolivars (the country’s current fiat currency) paid to its elderly residents and automatically swapping them for petros. Normally, a pensioner would […]
Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from 3,600 sovereign bolivars to 9,000. While the wallet for the petro is still unavailable, the Venezuelan government continues to sell the digital currency and issue certificates of purchase to buyers. Price Hike for Petro Maduro […]
As news.Bitcoin.com announced, the government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital currency. ‘Breaking Financial and Commercial Blockade’ In a statement released by the country’s […]
Venezuela has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the government’s website. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report. Six Websites Authorized to Sell Petro The Venezuelan government has authorized six websites it claims are […]