Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro
Now elderly people in Venezuela will get their monthly pensions in the Petro, despite the fact that it still can’t be used.
Venezuela Sidesteps USD to Use Petro Token for Oil Sales Starting from 2019
By
Darya Rudz
In 2019, Venezuela will start selling oil in exchange for Petros and bypass US-imposed sanctions.
Venezuela’s Central Bank Launches App to Help Convert Old Bolivar into Petro-Pegged One
By
Darya Rudz
The new app launched by Venezuela’s central bank will convert the old fiat currency Bolivar to new Petro pegged Bolivar Soberano by takes five zeros away from the Bolivar.
Venezuela is Set to Use its Controversial Petro Cryptocurrency as an Official Accounting Unit
Petro cryptocurrency is to receive an official status of the Venezuelan second official currency, which is believed to be a tool for overcoming economic difficulties.
One Day After Petro Went Live, Venezuela Introduces New ‘Petro Gold’ Token
By
Darya Rudz
After launching Petro, Venezuela’s President announced new ‘Petro Gold’ cryptocurrency. He considers it a means of combating the U.S. sanctions, while the U.S. warns about risks for investors.
The First Day of Venezuela‘s ‘Petro’ Token Sale Boasts $735M Raised
Venezuela President Nicolas Maduro makes boisterous claims of raising $750 million in just a few hours, without backing it with sufficient evidence.
Venezuela Officially Launches the Pre-Sale of Its Oil-backed ‘Petro’ Token
The new cryptocurrency has faced lots of resistance but finally made its way through – the 82.4 million tokens are already available.
Venezuela’s Congress Declares Nicolas Maduro’s ‘Petro’ Cryptocurrency Illegal
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’
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’.