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.
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions.
Venezuela ramps up Bitcoin payments for imports from Iran and Turkey
The Venezuelan army turns to crypto mining as the country's economy collapses.
Venezuelan army starts mining Bitcoin to make ends meet
Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.
Venezuela trials ‘decentralized stock exchange’ that's open to the world
Crypto garnered another mention in one of Maduro's bombastic speeches.
Maduro claims crypto will play role in fighting sanctions against Venezuela
Venezuela’s Maduro just lost a ruling regarding his supposed gold ownership.
Venezuela's Maduro Denied Access to Gold Storage as Self-Sovereign BTC Shines
As Venezuelan hospitals face widespread shortages, President Maduro is by airdropping Petro tokens to doctors.
As Hospitals Crumble, Venezuela's President Airdrops Petros to Doctors
Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency.
No Evidence of Crypto-Related Charge in Maduro Drug Cases