Venezuela


Markets

Bitcoin Can't Fix Venezuela: I Should Know

Diana Aguilar used bitcoin to survive in Venezuela, but cryptocurrency can’t fix the troubled nation's economy, she argues.

venezula, protest

Markets

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.

Petro maduro

Markets

Venezuelan Economist: Cryptocurrency Is 'Good' Money, Bolivars Are Not

The adoption of cryptocurrencies in Venezuela could contribute to economic recovery, argues one local economist.

olmos

Markets

Bolivars to Bitcoin: Activists Take Down Venezuela's Maduro in Crypto Art Exhibit

As the situation in Venezuela continues to escalate, artist cryptograffiti, crypto exchange AirTM and merchant services provider Cripto Conserje have teamed up for an all-day fundraiser to tear down – in whatever way they can – Maduro's regime.

maduro, cryptograffitti

Markets

Venezuela's Crypto Exchanges, Miners Must Register Under New Rules

Venezuela has activated new regulations for crypto service providers in the country, including exchange platforms and miners.

President Nicolas Maduro

Markets

Bitcoin ATM Startups Say They're Booming, Thanks in Part to Venezuela

Bitcoin ATM usage is surging, especially in Latin America, where Venezuelan refugees and others are seeking ad hoc banking solutions.

Bitcoin ATM

Markets

Venezuela Calls US Sanctions Against Its Petro Cryptocurrency 'Discriminatory'

Venezuela has filed a complaint against the U.S. with the World Trade Organization, highlighting sanctions against the petro as one issue.

Exposure to the government-backed petro has made Venezuelans more comfortable with other types of cryptocurrencies.

Markets

Venezuela Isn't the Crypto Use Case You Want It to Be

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

Venezuela

Markets

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.

petro

Markets

Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.

Petro maduro