Petro
Venezuela to Collect Taxes in Petro
The Bolivarian Council of Mayors in Venezuela signed “National Tax Harmonization Agreement”, including oil-backed cryptocurrency Petro as a means to collect payments of taxes and sanctions...
In Venezuela, Almost 15% of All Fuel Payments Made with Petro
The Venezuelan government announced that almost 15% of all fuel payments at petrol stations across the country were made using the cryptocurrency petro. The rise in the use of petro comes during the f...
Nicolas Maduro Orders Bank of Venezuela to Sell Petro
Venezuela’s President Nicolas Maduro has ordered the Banco de Venezuela (BoV), one of the nation’s largest banks to allow citizens to buy and trade El Petro, the state-issued cryptocurrenc...
Venezuela Sees Petro as World Oil Markets’ Cryptocurrency
Venezuela will present petro cryptocurrency to the Organization of the Petroleum Exporting Countries (OPEC) in 2019, believing the world oil markets to start using the crypto.
Petro Crypto to Become Second Venezuela’s Official Currency
Starting August 20th Venezuela is set to have two official currencies — the bolivar and the petro, a cryptocurrency developed by the government of Venezuela, to be valued equally and inter...
