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The advisors of the Venezuelan government have recommended that the country’s oil-backed cryptocurrency, the petro, be sold in private placements at a discount of up to 60 percent. 38.4 million petros, with a face value of around $2.3 billion, could go on sale starting on February 15. Also read: South Korea Urges 23 Countries, EU, and … Read more
Venezuela’s cryptocurrency project will still go ahead as planned, by the look of things. Last week, the nation’s Senate forbade the issuance of the Petro cryptocurrency, but it seems President Nicolás Maduro has no intention of backing down. More specifically, he has urged some of the neighboring countries to embrace this new cryptocurrency in the very … Read more
Venezuela’s president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country’s parliament declaring the issuance of this new currency illegal. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Maduro’s Proposal Maduro held a meeting of the … Read more
One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of president Nicolas Maduro announced plans to pre-mine the petro. The new currency is expected to launch in six weeks. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Petro Mining Restricted to Government The Venezuelan Superintendent of … Read more
The Bank of England might have “its own Bitcoin-style digital currency” this year already, according to the country’s legacy media. The more than three hundred year old bank set up a research unit back in 2015 to investigate linking a state-backed crypto to sterling, and there appears to be a breakthrough. Also read: EU Central … Read more
