Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency

Venezuela Unveils Mining, Trading, and Launch Details of National CryptocurrencyThe Venezuelan government has published a decree outlining the operation of Venezuela’s national cryptocurrency, the Petro. It details the government’s plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, […]

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Venezuela’s National Cryptocurrency Advances But Experts Warn of Corruption

Maduro Advances Venezuela's National Cryptocurrency But Experts Warn of CorruptionVenezuela’s president Nicolas Maduro has advanced the creation of the country’s national cryptocurrency, the Petro. He believes it will take off and solve the country’s economic problems next year, but experts are concerned with corruption. Moody’s credit rating agency, for example, says market participants would have no confidence in Maduro’s government to manage it. Also […]

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