Venezuela, where bitcoin trading is at an all-time high and the socialist government has issued its own cryptocurrency amid record-breaking inflation and other economic woes, has been denied access to its own gold reserves by the Bank of England....
The Venezuelan government is reportedly going to present its oil-backed cryptocurrency, the Petro, to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil. According to local news outlet Telesur, the...
Venezuela’s controversial national cryptocurrency, the petro, is slowly permeating the everyday lives of its citizens. The currency, each unit of which is supposedly backed by a barrel of oil, has begun appearing on screens...
A sentence issued by the Supreme Court of Justice of Venezuela (TSJ), this October 31, establishes that the payment of a legal compensation to a Venezuelan citizen is made in bolivars taking as a...
The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a...
The Petro is backed by part of the Venezuelan State’s natural reserves. It will allow you to save and acquire goods and services quickly, safely and reliably The sale of digital currency officially begins...
As of 2018, the cryptoactive market seems to be stabilizing its value. So far no major movements have been presented, neither upward nor downward. Even so, many developers are still working on launching new...
The government of Venezuela has been developing a price structure that uses the petro as a unit of measurement. The bank balances have begun to show their equivalence in petros and little by little...
With the most recent announcement about Petro, the Venezuelan government proposes a re-launch of the cryptoactive and again many ideas remain in the air, leaving more doubts than certainties about the future of this...
The petro is the first cryptocurrency backed by oil wealth. It was created this year by the Executive to combat the financial blockade, attract investments and to be used as a payment instrument in...
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