Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency
Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.
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Aug 14, 2018 at 11:30 p.m. UTC
Aug 14, 2018
Petro
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Venezuela's New National Currency Will Be Tied to the Petro, Says President
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.
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Jul 26, 2018 at 11:30 a.m. UTC
Jul 26, 2018
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Venezuelan President Launches Cryptocurrency-Funded Youth Bank
Venezuela is reportedly launching a youth bank to be funded by the state's controversial cryptocurrency, the petro.
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May 4, 2018 at 12:00 p.m. UTC
May 4, 2018
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Russian Official: Venezuela Won't Be Paying Its Debt in State Crypto
A Russian Finance Ministry official has stated that Venezuela will not pay off its $3.5 billion debt using the petro.
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Mar 27, 2018 at 4:30 p.m. UTC
Mar 27, 2018
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Crypto Investors Should Stay Away from Venezuela’s Petro
Crypto enthusiasts around the world should send a strong signal to President Maduro that blockchain technology will not be used to support corruption.
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Mar 25, 2018 at 10:00 a.m. UTC
Mar 25, 2018
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'Fake News': Russian Official Reportedly Denies Involvement with Petro
A Russian official has called reports that the country helped Venezuela launch its controversial petro cryptocurrency "fake news."
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Mar 23, 2018 at 5:00 p.m. UTC
Mar 23, 2018
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US Could Put Crypto Wallets on OFAC Sanctions List
The Treasury Department may start publishing wallet addresses along with the names of people and organizations with whom it forbids doing business.
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Mar 21, 2018 at 9:30 p.m. UTC
Mar 21, 2018
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Venezuelan Politician Blasts US Sanctions as Petro ICO Goes Public
A politician from Venezuela's ruling party has denounced U.S. sanctions against the petro, as the sale of the token opens to the public.
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Mar 20, 2018 at 10:05 a.m. UTC
Mar 20, 2018
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Trump Orders Sanctions Against Venezuela's Crypto
A report Monday indicated that US President Trump might sanction Venezuela and its petro token.
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Mar 19, 2018 at 5:00 p.m. UTC
Mar 19, 2018
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US Lawmaker Presses Treasury on Venezuela's Petro Sale
Florida senator Bill Nelson has denounced Venezuela's petro token and asked how the U.S. Treasury plans to enforce sanctions.
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Mar 14, 2018 at 3:00 p.m. UTC
Mar 14, 2018