News
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions.
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Nicolas Maduro News
Nicolas Maduro has been the president of Venezuela since 2013, was the minister of foreign affairs for Hugo Chavez’s government and vice president of Venezuela in 2012-2013. Maduro’s rule in Venezuela is often described as autocratic, corrupt and unprofessional. Maduro was a part of drug trafficking investigations, violations of human rights and a profiter of food shortages in Venezuela. These facts led to the implementation of sanctions on Maduro and the refusal to recognize the validity of the Venezuelan election in 2018. U.S. sanctions forced the establishment of Maduro’s Petro cryptocurrency. Maduro plans for the Petro to become a tool for accessing international financing in avoidance of U.S. sanctions. The Petro was launched in 2018 and was developed by united work of Venezuelan and Russian governments.
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The Venezuelan army turns to crypto mining as the country's economy collapses.
13015 - News
Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.
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Crypto garnered another mention in one of Maduro's bombastic speeches.
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Venezuela’s Maduro just lost a ruling regarding his supposed gold ownership.
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As Venezuelan hospitals face widespread shortages, President Maduro is by airdropping Petro tokens to doctors.
6914 - Analysis
Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency.
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The indefinite suspension of Venezuela's national banking system is driving further adoption of cryptocurrencies.
6923 - News
Nicolas Maduro, president of Venezuela, announced on Friday the opening of a new crypto-run casino in a battered country where betting halls have all but gone extinct.
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The president of Venezuela, Nicolas Maduro, has announced that the state-owned PDVSA oil firm will sell 4.5 million barrels of oil for Petros.
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Nicolas Maduro said that national oil inventories are ready for immediate commercialization to serve as backing for the Petro.
6889 - Analysis
Last week, the president of Venezuela appeared on national television holding a Trezor wallet. Was it just a stunt?
4408 - In depth
Venezuela is leading the crypto peer-to-peer BTC trade market, despite government efforts to drive adoption of its oil-backed cryptocurrency, Petro.
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Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency El Petro at all its branches.
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Petro should form an investment priority for Venezuelans, the country’s president has said.
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