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news - Venezuela Legalizes Crypto Mining. Miners Must Join ‘National Pool’

Venezuela Legalizes Crypto Mining. Miners Must Join ‘National Pool’

The government of Venezuela has legalized cryptocurrency mining with the caveat that all local miners have to obtain licenses from the government and to be supervised by regulators. There have also be...

news - Venezuela to Collect Taxes in 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...

news - Venezuela Temporarily Allows Foreign Passports Applicants to Pay with Bitcoin

Venezuela Temporarily Allows Foreign Passports Applicants to Pay with Bitcoin

Venezuelan’s passport agency temporarily allowed passport applicants to pay using bitcoin this week. The option was seen on SAIME, Venezuela’s Administrative Service for Identification, Mi...

news - In Venezuela, Almost 15% of All Fuel Payments Made with Petro

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...

news - Venezuela’s Biggest Retail Chains Now Accept Crypto

Venezuela’s Biggest Retail Chains Now Accept Crypto

Venezuela’s biggest retail chains now accept leading cryptocurrency. Venezuelan citizens can now directly pay for goods or services through more than 20,000 PoS terminals across the country. Cus...

news - Nicolas Maduro Orders Bank of Venezuela to Sell Petro

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...

news - Venezuela Sees Petro as World Oil Markets’ Cryptocurrency

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.

news - Venezuelans Must Pay for Passport Application Fees in Petro Only

Venezuelans Must Pay for Passport Application Fees in Petro Only

Starting this week, Venezuelan authorities will charge for passport application fees in the state-backed cryptocurrency, the Petro.

news - Petro Crypto to Become Second Venezuela’s Official Currency

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...

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