Venezuela’s

Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny

Leave a Comment / Digital, Venezuela’s / Avery Clarkson

Last updated: April 30, 2024 05:13 EDT | 1 min read Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations. The development comes as Venezuela’s state oil company PDVSA is ramping up digital currency use for crude oil and fuel exports, according to Reuters. This decision follows the Biden administration declining to […]

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Venezuela’s Petro Cryptocurrency to Cease Operations on Jan 15

Leave a Comment / Petro, Venezuela’s / Avery Clarkson

Last updated: January 12, 2024 20:54 EST | 2 min read Source: RawBeautyPixels/Adobe Venezuela’s national cryptocurrency, the Petro (PTR), is set to cease operations on January 15. The Petro, introduced in 2018 with the goal of helping the country evade United States sanctions, failed to gain widespread adoption throughout its existence. The official announcement regarding

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