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.
The indefinite suspension of Venezuela's national banking system is driving further adoption of cryptocurrencies.
Banking Shut Down Drives Crypto Adoption Among Venezuelans
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 e...
Maduro Announces Crypto Casino in Support of Petro and Public
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.
Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro
Nicolas Maduro said that national oil inventories are ready for immediate commercialization to serve as backing for the Petro.
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters
Last week, the president of Venezuela appeared on national television holding a Trezor wallet. Was it just a stunt?
Venezuela President Maduro Is Not Pro-Crypto, He Just Likes Petro
Venezuela is leading the crypto peer-to-peer BTC trade market, despite government efforts to drive adoption of its oil-backed cryptocurrency, Petro.
Venezuelan Petro Against US Sanctions: History and Use of the Crypto
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.
President Maduro Orders Bank of Venezuela to Accept Petro Crypto