Tag Archives: Petro

10May/19

Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

The 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 situationRead More…

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22Apr/19

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

Last February, news emerged on Venezuelan’s 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 fromRead More…

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25Mar/19

Cryptocurrency: Zuckerberg, Dimon, Maduro…You Are Not Welcome Here!

Facebook is the latest in a raft of corporate or government entities creating their own cryptocurrencies. Within weeks of JPMorgan announcing its plans to launch the JPMorgan coin, sources leaked confirmation ofRead More…

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14Mar/19

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The 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 sanctionsRead More…

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