Petro

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.

By Yogita KhatriMar 13, 2019

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

By Leigh CuenDec 19, 2018

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.

By Nikhilesh DeDec 12, 2018

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

By Yogita KhatriDec 7, 2018

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro.

By Yogita KhatriNov 9, 2018

Venezuelans must now pay for passports with the country's controversial petro token, according to a report.

By Daniel PalmerOct 8, 2018

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

By Stan HigginsOct 5, 2018

Venezuela's president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.

By Wolfie ZhaoSep 21, 2018

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.

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.

By Anna BaydakovaAug 28, 2018

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