Petro – DIGIT INFO

Venezuelan President Nicolas Maduro Proposes Retaking the ‘Crypto Path’

DIGIT — Tue, 03 Sep 2024 03:30:29 +0000

Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency […]

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Venezuela extends reorganization shutdown of crypto agency to March 2024

DIGIT — Tue, 26 Sep 2023 11:48:31 +0000

The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.

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Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

DIGIT — Sat, 25 Mar 2023 18:26:15 +0000

According to Venezuela’s attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department.

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Venezuela overhauls national crypto department

DIGIT — Sun, 19 Mar 2023 22:02:44 +0000

The new board leaves out Joselit Ramirez, who led the department since its inception in 2018.

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Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment

DIGIT — Tue, 17 Jan 2023 12:30:03 +0000

Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a registered Spanish cryptocurrency exchange, and aims to open this payment option for users by Q3 2023. Vueling […]

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Victory of President-Elect ‘Lula’ in Brazil Might Bring the Rise of a Common Currency for Latam

DIGIT — Tue, 01 Nov 2022 09:30:49 +0000

The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of Latam. Lula announced this as part of his campaign, preaching the utility of a common currency as a way of fighting […]

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Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange

DIGIT — Sat, 26 Mar 2022 11:30:30 +0000

Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exchange petros for other currencies, and a series of gift card and payment options to increase adoption. Petro […]

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Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree

DIGIT — Sun, 20 Mar 2022 11:30:49 +0000

The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency as a unit of account, […]

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Venezuela Increases Minimum Monthly Wage to Half a Petro

DIGIT — Mon, 07 Mar 2022 17:00:10 +0000

Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59. This constitutes an increase of […]

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Venezuelans reportedly hit by new Bitcoin tax of up to 20%

DIGIT — Mon, 07 Feb 2022 10:01:51 +0000

Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis.

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