The blockchain-based exchange comes as part of new measures announced by President Nicolas Maduro in a big to sidestep tough U.S. sanctions.
US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto
Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running.
Venezuela’s Maduro: Airlines Must Use Petros to Pay for Fuel
The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela’s president.
Venezuela’s Maduro Says He Will Airdrop Half a Petro Each to Nation’s Civilians
Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state’s crypto payments platform.
Venezuela’s Maduro Mandates Petro Use in Funding of Social Housing Project
Venezuela’s president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.
Venezuela’s Maduro Orders Top Bank to Make Petro Available to Public
President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.
US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro
The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.
Bolivars to Bitcoin: Activists to Take Down Venezuela’s Maduro in Art Exhibit
As the situation in Venezuela continues to escalate, artist cryptograffiti, crypto exchange AirTM and merchant services provider Cripto Conserje have teamed up for an all-day fundraiser to tear down – in whatever way they can – Maduro’s regime.
Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro
Venezuela’s President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.
US Senators Seek Stronger Sanctions on Venezuela’s ‘Petro’ Cryptocurrency
A bipartisan group of U.S. senators are pushing for tighter sanctions against Venezuela’s state-backed cryptocurrency, known as the petro.
Venezuela’s Petro Cryptocurrency Is a Gift to Future Generations
The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.
Venezuela’s New National Currency Will Be Tied to the Petro, Says President
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial “petro” token.
Venezuelan President Launches Cryptocurrency-Funded Youth Bank
Venezuela is reportedly launching a youth bank to be funded by the state’s controversial cryptocurrency, the petro.
Report: Russians Helped Venezuela Launch the Petro
Time Magazine reported Tuesday that the Russian government helped Venezuela develop the petro cryptocurrency with the support of Vladimir Putin.
Trump Orders New Sanctions Against Venezuela’s National Cryptocurrency
A report Monday indicated that US President Trump might sanction Venezuela and its petro token.
Menendez Hints At US Action on Venezuela’s Controversial Crypto
A U.S. senator who has previously spoken out against Venezuela’s newly launched “petro” cryptocurrency isn’t done with the issue.
Why Venezuela’s Citizens Should Worry About a National Cryptocurrency
While a lot is still unclear about Venezuela’s state-backed “petro” token, what is apparent is that many feel it’s potentially harmful for its people.
Venezuela’s President Orders Companies to Accept the Petro
Venezuela officially has its own cryptocurrency – and its president wants some of the country’s state-owned businesses to use it.
Venezuela Is Talking With Russia About Cryptocurrency
Venezuelan finance minister Simon Zerpa Delgado announced on Twitter that he visited Moscow to update Russian officials on Venezuela’s petro currency.
What Venezuelans Are Saying About Their New National Cryptocurrency
The South American country’s plan to launch its own cryptocurrency has sparked global headlines and a range of commentary on social media.