(Reuters) -Venezuela's government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private sector, a dozen sources said, as U.S. restrictions on oil exports ...
PDVSA shifts more transactions to USDT to prevent freezing of proceeds, moving away from traditional banking systems. New trading requirements by PDVSA mandate cryptocurrency holdings, affecting both ...
The Venezuelan government has reportedly put an end to its official cryptocurrency, the Petro. But what was the Petro? And why did it fail to solve the country's 359.99% inflation rate in 2023? The ...
As Venezuela recovers from one of the most dire economic crises in its history, more families are turning to an unconventional lifeline: cryptocurrency. Remittances, or cash payments from relatives ...
Venezuela President Nicolas Maduro launched the Petro (PTR) back in Feb. 2018. Petro (PTR) was backed by the nation’s Oil Reserves and was created to support the nation’s fiat currency, the bolívar.
Venezuela’s crisis has led the country in a new direction to raise money. President Nicolas Maduro claims that the currency raised $735 million in pre-sale on the first day in an effort to help ...
Countries around the world are grappling with inflation, and in many places, investors and everyday savers are turning to ...
Current Venezuelan law regulates crypto exchanges but does not permit traditional banks to operate with them. Interest from ...
CARACAS (Reuters) - Venezuela's opposition-run parliament on Tuesday outlawed a "petro" cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the ...
The massive stories in the cryptocurrency industry for January's early weeks were massive, and it has dictated the track of the coins this year, with Tech Times' CryptoWatch offering a round-up on ...
CARACAS (Reuters) - President Nicolas Maduro said Tuesday that Venezuela had received $735 million in the first day of a pre-sale of the country's “petro” cryptocurrency, aimed at pulling the country ...
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