Petro Era Ends: Venezuela Dismantles State-Backed Cryptocurrency
Venezuela's ambitious cryptocurrency experiment, the Petro, launched with fanfare in 2018, has finally met its demise. After six years of ...
Tag: Venezuela crypto
Venezuelan Parliament Hit Local Firms With 20% Crypto Transaction Tax
After the Venezuelan parliament approved a law aimed at reducing inflationary pressure on the struggling fiat bolivar, certain crypto and ...
Venezuela Sees Biggest Increase in Bitcoin Volume to Date
Venezuela has experienced its biggest jump in bitcoin volume over the past week with 1,974 BTC traded on LocalBitcoins. Venezuela ...
Venezuela Finally Launches Controversial State-issued Petro Cryptocurrency
Venezuela’s President Nicolas Maduro recently announced the official launch of the Petro cryptocurrency. In a follow-up development, the government says ...
Venezuela Citizens See ‘No Sign’ of National Petro Cryptocurrency
Amidst a mounting economic crisis, Venezuela's oil-backed cryptocurrency the Petro is nowhere to be found. Numerous reports indicate an almost ...
