Venezuela News

Venezuela, officially the Bolivarian Republic of Venezuela, is a federal state in the north part of South America. The country has built its economy on oil, as Venezuela owns the largest oil reserves in the world. In terms of digital currencies, Venezuela was the first country to have issued its own cryptocoin. Its value directly depends on the national oil reserves. The cryptocoin, created in order to improve the country’s weak economy, was issued contrary to the parliament’s decision. The national Venezuelan cryptocurrency Petro, officially El Petro, has garnered about $735 million during the first day of the ICO launch. Despite the apparent success, the future of the Venezuelan cryptocurrency is unpredictable, as some countries, such as the USA, have already banned the use of Petro.

News
A bill that seeks to regulate the local cryptocurrency industry has passed the the Senate of Paraguay.
Paraguay moves a step closer to regulating digital currency
Arnold Kirimi
2021-12-23T09:05:00+00:00
4864
Interview
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions.
Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods
Ornella Hernández
2021-12-09T22:00:00+00:00
6133
News
The initiative is a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country.
Venezuelans promised Axie Infinity scholarships for crypto training courses
Arijit Sarkar
2021-11-21T09:05:00+00:00
13364
Interview
“Our long-term vision is to create a currency that is stronger than any fiat currency that exists now,” said Reserve community manager Yens Michiels.
Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America
Zhiyuan Sun
2021-11-11T18:35:00+00:00
7309
News
“We must advance in these new economic and technological systems to be accessible,” Maiquetia airport director said.
Venezuelan international airport to accept Bitcoin payments: Report
Helen Partz
2021-10-12T09:58:03+01:00
7559
News
The 23-year-old is wanted by the police after allegedly faking his own kidnapping and stealing his clients’ funds.
23yo Venezuelan allegedly steals $1M in BTC from clients after faked abduction
Inigo Vaca
2021-08-31T03:11:56+01:00
5205
Opinion
As the political system collapses, so too does the financial one. Thus, more and more Afghan citizens will turn to crypto.
Crypto can alleviate the financial fallout for people in Afghanistan
John Mac Ghlionn
2021-08-29T08:11:00+01:00
5461
News
The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.
Venezuela to launch CBDC in October — And cut six zeros from its currency
Brian Quarmby
2021-08-06T02:03:53+01:00
10518

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