Articles of Venezuela

Venezuela's digital currency "experimental" encounters difficulties

Source: Finance and Economics · Chain Finance Author: Chen In February 2018, the Venezuelan government officially launched the Petro Coin to re-stabilize and revitalize the domestic economic situation and foreign trade situation in Venezuela. It has been two years since Venezuela officially launched the petroleum coin. In these two years, although the Venezuelan government headed […]

Can the Venezuelan oil company’s Bitcoin and Ethereum be placed in the central bank’s reserves?

According to four people familiar with the matter, the Central Bank of Venezuela is conducting internal tests to determine whether it can hold cryptocurrency in its national treasury. According to people familiar with the matter, the test was in response to a request from Petroleos de Venezuela SA (PDVSA), which is seeking to send Bitcoin […]

Venezuelan President orders Venezuela Bank to open oil currency trading counter

   Venezuelan President Nicolas Maduro ordered one of the country's largest banks to allow customers to use their controversial cryptocurrency (petos). The Venezuelan Ministry of Finance issued the news later Wednesday on the 10th anniversary of the establishment of the Bank of Venezuela (BoV) and quoted Maduro as saying: "I have ordered the opening of […]

Venezuela and lifesaver cryptocurrency in political turmoil

Political and economic turmoil in Venezuela The opposition National Assembly Speaker Juan Guaido organized a large-scale protest and called on the military to help him end the rule of Nicholas Maduro. The impact of recent political turmoil on the adoption of Venezuelan cryptocurrency has grown substantially. With the support of more than 50 countries, including […]

The truth of Venezuela: Bitcoin can't save Venezuela

Encrypted Ukiyo-e | After leaving Latin America, cryptocurrencies are still a little distant from my life. When it comes to bitcoin payments, many people react surprisingly: they are not just needed. It is not . As for mobile payment and credit cards, they have been stable for many years. Secondly, ATMs are not left there. […]

Venezuela mining excavation

“Someone went to Venezuela to mine?” The words of the group friends broke the tranquility of the mine exchange group. "My friend just came back from there and strongly advised not to go. The machine was robbed, and the little life was almost unprotected." "The local electricity is free, and the life is charged." "It's […]