Charges against Maduro and other Venezuelan heads don’t involve crypto directly, three different lawyers say
What obstacles would national digital currencies face, and are there any benefits to launching them?
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro has also shut down the national banking system and regional authorities banned gasoline […]
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Venezuelans have turned to LocalBitcoins to sell their airdropped Petro
Venezuela’s Maduro announces crypto casino to run on country’s Petro
Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in the casino. The proceeds are expected to be used for healthcare and […]
Venezuelan President Nicolas Maduro signed a decree to sell 4.5 million barrels of oil for Petros
According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. At least one merchant is said to have been arrested. Also read: […]
The post Problems Escalate in Venezuela as Millions Rush to Spend Petros appeared first on Bitcoin News.
Maduro promises half a Petro each to more than 8 million Venezuelans
The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip) will be airdropping 0.5 PTR ($30) next week to eligible citizens who register with the […]
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