Expert Believes Petro Cryptocurrency Is Helping Venezuelan People Bypass Sanctions

2019-6-10 02:49

Venezuelan Petro Moves Towards A New Phase The Petro is now accepted in many shops in the country, according to Ricardo Baptista, the director of the Latin American Cryptoeconomy Corporation, the Venezuelan government wants to help the economy by promoting the use of virtual currencies, including the government-backed Petro. The goal is to solve the […]

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Crypto Community, World At Large Is Puzzled At The True Value Of The Venezuela’s Petro Coin

What Is The True Value Of The Petro Cryptocurrency From Venezuela? To-date, the value of the petro—the cryptocurrency from Venezuela that is supported by its oil revenues is yet to be established. This is despite the fact that the cryptocurrency is actually recognized and backed by the Venezuelan government. Government sources who have been questioned […]

2019-1-4 20:03


Ôîòî:

Maduro’s Promotion of the Petro Yet to Yield Results

Venezuelan President Nicolas Maduro has been tirelessly promoting the petro, ever since his administration announced the creation of what is now considered the first state-issued cryptocurrency. Although no one is really sure whether the coin actually works, Venezuelans have already seen their salaries denominated in the national crypto and their pensions converted to petro.

2018-12-27 12:15


Venezuela Continues to Drive the Petro Despite Ongoing Controversy

Reports coming out for Venezuela suggest that the government is now forcibly converting pensions from fiat to Petro, without the consent of their citizens. The Caracas Chronicles, which reports on Venezuelan issues in the English language, stated that On December 7, they [pensioners] got two messages and it seemed like the money for the pension […] The post Venezuela Continues to Drive the Petro Despite Ongoing Controversy appeared first on ZyCrypto.

2018-12-14 12:01


Venezuela to Use Petro Cryptocurrency in International Oil Trade

The government of Venezuela recently announced the intended sale of its oil using the Petro cryptocurrency to circumvent U. S economic sanctions come 2019. Circumventing U. S. Sanctions According to Venezuela-based satellite tv, TeleSUR, Venezuelan President, Nicolas Maduro announced that country would create a basket of cryptocurrency for oil-backed state cryptocurrency, Petro.

2018-12-8 12:14


Newsflash: NEO to launch a file storage solution, Dash beefs its security with a new feature while a fork of Stellar Lumens (XLM) showing signs of being a scam

Venezuelan cryptocurrency Petro’s red flags mount as president Maduro artificially raises the coin’s value In a plot taken straight from a communist utopia novel, Venezuelan president Nicolas Maduro declared new domestic economic policies as a part of the country’s state-enforced “Plan of Economic Recovery”.

2018-12-3 05:58


Venezuela to Introduce Petro to OPEC

The Venezuelan government remains firm in its decision to position Petro as an internationally recognized cryptocurrency, and although up to now the results have not been very noticeable, the government seems to be working hard on the consolidation of Venezuela as a crypto-nation (or at least that is what its announcements attempt to prove) In […] The post Venezuela to Introduce Petro to OPEC appeared first on Ethereum World News.

2018-11-12 22:43


Ôîòî:

The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for Cryptoassets

In this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border trade with […] The post The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for Cryptoassets appeared first on Bitcoin News.

2018-11-6 17:00


Venezuela President Tells Citizens To Invest In Petro Cryptocurrency and Gold With Bonuses

Venezuela’s President Tells Citizens To Invest In Gold And The Petro Crypto Nicolas Maduro, the president of Venezuela, has been reported by the local media outlet Noticiero Digital to go to television and ask workers to invest in gold and in the Petro, the new state-backed cryptocurrency which will allegedly be backed by Venezuelan oil. […]

2018-10-19 22:14


Ôîòî:

Venezuela Officially Launches State-Backed Petro, Passport Fees Now via Crypto-Only

Venezuelan President Nicolas Maduro officially launched the Petro, a state, and oil-backed cryptocurrency. According to the RT article published on October 8, 2018, while the goal of the state-backed cryptocurrency is to consolidate Venezuela’s economic stability, experts and analysts, however, remain skeptical and question whether oils and minerals back the token.

2018-10-8 17:00


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Bitcoin price: Here’s why QCP Capital expects BTC run to $74k

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