Venezuela’s Maduro announces crypto casino to run on country’s Petro
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Venezuela’s Maduro announces crypto casino to run on country’s Petro
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Venezuelan President Nicolas Maduro signed a decree to sell 4.5 million barrels of oil for Petros
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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 […]
The post Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens appeared first on Bitcoin News.
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Venezuela to back its Petro with 30 million barrels of crude oil instead of 5 billion barrels as initially planned
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The president of Venezuela, Nicolas Maduro, is not as pro-crypto as he seems. He just wants to seize the opportunity to promote Petro and deal with hyperinflation
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The president of Venezuela, Nicolas Maduro, is not as pro-crypto as he seems. He just wants to seize the opportunity to promote Petro and deal with hyperinflation
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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro […]
The post Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin appeared first on Bitcoin News.
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Various countries continue to oppose cryptocurrencies. Venezuela has become a notorious example in that regard. In a recent turn of events, the government is now targeting companies who pay employees in Bitcoin. One company has been officially sanctioned for doing so. Things got so bad that numerous employees were laid off in the process. Venezuela has Many Problems Most people are aware of how Venezuela is struggling financially. The country has gone through recession and hyperinflation in recent years. It seems things are not improving either, as the situation only grows direr. Government officials are now officially investigating companies paying
The post Venezuelan Company Paying Employees in Bitcoin Gets Shut Down appeared first on The Merkle Hash.
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Venezuelan P2P trade continues to flourish despite government efforts to drive adoption of the country’s controversial oil-backed cryptocurrency
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Because of an order emitted by Venezuela’s President Nicolas Maduro, the country’s leading bank Banco de Venezuela will accept the Petro
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