petro coin

Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto
August 29th, 2018

Venezuelan President Nicolas Maduro ordered banks to adopt the Petro, the Maduro government-launched cryptocurrency, as a unit of account and use this cryptocurrency in all financial reports.

Venezuela’s Bolivar Undergoes Devaluation, Gets Pegged to ‘Petro’
August 21st, 2018

As per the new guidelines from President Maduro, Bolivar has been devalued by 96%. While as inflation reach record-high, Venezuelan citizens express concerns and shift towards adopting digital assets.

Venezuela’s Congress Declares Nicolas Maduro’s ‘Petro’ Cryptocurrency Illegal
January 10th, 2018

The oil-based digital currency fails before launching: it is claimed to violate the Constitution of the country.

Venezuela to Launch Oil-Backed Cryptocurrency ‘Petro’ to Combat U.S. Financial ‘Blockade’
December 4th, 2017

To counter the U.S. led financial sanctions and the collapse of its own currency ‘bolivar’, Venezuelan President Nicolas Maduro has announced the launch of its new state-owned cryptocurrency ‘Petro’.