Nicolas Maduro


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Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.

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US Senators Seek Stronger Sanctions on Venezuela's 'Petro' Cryptocurrency

A bipartisan group of U.S. senators is pushing for tighter sanctions against Venezuela's state-backed cryptocurrency, known as the petro.

(Image via Shutterstock)

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Venezuela's Petro Cryptocurrency Is a Gift to Future Generations

The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.

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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.

Maduro

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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.

Venezuelan students

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Report: Russians Helped Venezuela Launch the Petro

Time Magazine reported Tuesday that the Russian government helped Venezuela develop the petro cryptocurrency with the support of Vladimir Putin.

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Trump Orders Sanctions Against Venezuela's Crypto

A report Monday indicated that US President Trump might sanction Venezuela and its petro token.

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Menendez Hints At US Action on Venezuela's Controversial Crypto

A U.S. senator who has previously spoken out against Venezuela's newly launched "petro" cryptocurrency isn't done with the issue.

menendez

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Why Venezuela Should Worry About a National Crypto

While a lot is still unclear about Venezuela's state-backed "petro" token, what is apparent is that many feel it's potentially harmful for its people.

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Venezuela's President Orders Companies to Accept Petro

Venezuela officially has its own cryptocurrency – and its president wants some of the country's state-owned businesses to use it.

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