Petro
Venezuela's New National Currency Will Be Tied to the Petro, Says President
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.
Venezuelan President Launches Cryptocurrency-Funded Youth Bank
Venezuela is reportedly launching a youth bank to be funded by the state's controversial cryptocurrency, the petro.
Russian Official: Venezuela Won't Be Paying Its Debt in State Crypto
A Russian Finance Ministry official has stated that Venezuela will not pay off its $3.5 billion debt using the petro.
Crypto Investors Should Stay Away from Venezuela’s Petro
Crypto enthusiasts around the world should send a strong signal to President Maduro that blockchain technology will not be used to support corruption.
'Fake News': Russian Official Reportedly Denies Involvement with Petro
A Russian official has called reports that the country helped Venezuela launch its controversial petro cryptocurrency "fake news."
US Could Put Crypto Wallets on OFAC Sanctions List
The Treasury Department may start publishing wallet addresses along with the names of people and organizations with whom it forbids doing business.
Venezuelan Politician Blasts US Sanctions as Petro ICO Goes Public
A politician from Venezuela's ruling party has denounced U.S. sanctions against the petro, as the sale of the token opens to the public.
Trump Orders Sanctions Against Venezuela's Crypto
A report Monday indicated that US President Trump might sanction Venezuela and its petro token.
US Lawmaker Presses Treasury on Venezuela's Petro Sale
Florida senator Bill Nelson has denounced Venezuela's petro token and asked how the U.S. Treasury plans to enforce sanctions.
Venezuela's Petro Will Harm 'Legitimate' Cryptocurrencies, Says Brookings
The Brookings Institute warns that the petro will undermine both international economic sanctions and truly decentralized cryptocurrencies.
