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Petro
Venezuela Ends Controversial Petro Cryptocurrency: Reports
President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation's currency, the bolívar, in the face of an economic crisis exacerbated by U.S. sanctions.
Venezuela’s Maduro Announces 18-Fold Increase to Minimum Wage, Pegged to Official Cryptocurrency
According to a Bloomberg report, Venezuela President Nicolas Maduro announced a 18-fold increase in Venezuela’s monthly minimum wage to roughly 126 bolivars ($28) by pegging it to the value of half a petro, the government’s cryptocurrency being the petro (PTR).
Venezuela Pegs Minimum Wages to National Cryptocurrency: Report
The Venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC.
US Offers $5M Bounty for Arrest of Venezuela's Crypto Chief
The head of Venezuela's state-backed petro cryptocurrency has been added to the U.S Immigration and Customs Enforcement's Most Wanted list.
US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto
Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running.
Venezuela's Maduro: Airlines Must Use Petros to Pay for Fuel
The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.
Authoritarian Airdrop: Maduro 'Gifts' Petros to Venezuelans for Christmas
Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.
Venezuela's Maduro Says He Will Airdrop Half a Petro Each to Public Employees, Retirees
Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto payments platform.
Venezuela's Maduro Mandates Petro Use in Funding of Housing Project
Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.
Cuba Eyes Cryptocurrency as Solution to Sanctions, Financial Woes
Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions.
