Petro

Venezuela and Russia Discuss Mutual Trades in Petro and Russian Ruble: Report

Venezuela and Russia discuss opportunities to make mutual trade settlements in the Russian ruble, find uses for the oil-backed Petro cryptocurrency

Crypto Adoption Strong in Venezuela Despite Political Crisis

Crypto Adoption Remains Strong in Venezuela Amid Political ChaosThe political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

The post Crypto Adoption Strong in Venezuela Despite Political Crisis appeared first on Bitcoin News.

OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro

OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela's PetroLast February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. However, recent data from a few exchanges and from Venezuelans trading the asset on social media suggests the nation-state issued cryptocurrency is quite real and […]

The post OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro appeared first on Bitcoin News.

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

US Sanctions Moscow-Based Bank Evrofinance Over Involvement With PetroThe U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The […]

The post US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro appeared first on Bitcoin News.

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.

US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

The U.S. Treasury has sanctioned Moscow-based bank Evrofinance based on its alleged financing of Venezuela’s controversial oil-backed crypto, Petro

Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans

Maduro's Petro Becomes More Accessible, but Scrutinized by VenezuelansFor a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild. However, recent reports detail that there are a few new methods available for residents who […]

The post Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans appeared first on Bitcoin News.

Iran: Still Waiting for the Blockchain Revolution

The birth of a national Iranian digital currency has been postponed. However, blockchain remains a hot topic in the Islamic Republic of Iran, intertwined with international sanctions and the clash between conservatives and moderates

Venezuela Imposes Fees and Limits on Local Crypto Remittances

Venezuelan government sets monthly limit on crypto remittances within the country, introduces fees of up to 15 percent

Venezuela on Fire: How Maduro’s Petro Plan Failed to Bail Out the Country

As Venezuela enters a crucial part of its political crisis, we decided to trace the fate of Petro — the national cryptocurrency that seemingly failed to save country’s economy

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