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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...

Soaring Inflation Sends Bitcoin Trading Volume to [Another] New High in...

The amount of Venezuelan bolivars being spent to purchase bitcoin has risen to record levels as the South American country experiences unprecedented hyperinflation and...

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...

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,...

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...