Petro News

The Venezuelan army turns to crypto mining as the country's economy collapses.

Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.

Crypto garnered another mention in one of Maduro's bombastic speeches.

The Venezuelan government has not yet announced partnerships capable of listing PTR abroad.

Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it.

The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token.

The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction evasion schemes.

Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol regime.

Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month.

Venezuelan digital asset exchange Criptolago has introduced SMS-based cryptocurrency transfers.

Despite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders.

As Venezuelan hospitals face widespread shortages, President Maduro is by airdropping Petro tokens to doctors.

Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency.

Cryptocurrency is an alternative to sovereign currencies that are issued by state governments, but national digital currencies are not so far away from being launched.

Around 6 to 8 million Venezuelans were airdropped half a Petro each by the government, with many trying to sell it for half the official price.