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Venezuelan Government Decrees Crypto Operators to Pay Taxes in Cryptocurrency

On Monday, the Venezuelan government published the official gazette No. 6,420 dated December 28, which contains a decree No. 3,719 that points towards new...

Russia Will Buy $10 Billion in Bitcoin, Ditch US Dollar and...

According to a new claim from a Russian economist, the world’s 12th largest economy is about to pour $10 billion into Bitcoin. Vladislav Ginko, a...

Venezuela to Present Petro Crypto to OPEC as a Unit of...

The Venezuelan government is reportedly going to present its oil-backed cryptocurrency, the Petro, to the Organization of Petroleum Exporting Countries (OPEC) as a unit...

Venezuelans Must Now Pay Passport Fees with the Government’s Petro Cryptocurrency

Starting next week, Venezuelans will have to pay their passport fees with the petro, the controversial state-supported cryptocurrency that is allegedly backed by oil....

Venezuela’s Maduro Orders Banks to Adopt Petro Cryptocurrency

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account. Wire services AFP reported Tuesday that "all...

As Venezuela’s Economic Chaos Continues, Dash Sees An Opening

The recent changes to Venezuela’s currency have yet to stop the nation’s economic free fall, leading many Venezuelans to resort to cryptocurrency. But not...

Venezuela’s President Devalues Fiat Currency by 95%, Pegs it to Crypto...

Over the weekend, Venezuelan President Nicolas Maduro began broad economic changes that ultimately ties Venezuela’s currency to the contentious ‘oil-backed’ cryptocurrency Petro. As CCN reported,...

Venezuela Looking to Launch a Central Bank for Cryptocurrencies

Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution...

Petro Announced as Official Currency in Venezuela

Venezuela has been facing economic difficulties for years now, and President Nicolas Maduro is not shying away from any solution. Starting August 20th -...

Venezuela to Launch Petro-Pegged Fiat Currency Next Month

Venezuela, a country battling one of the deepest economic recessions on record, is set to launch a new fiat currency pegged to its oil-backed...