Petro Archives - FortuneZ

Venezuela Moving to Accept Taxes in State-Issued Crypto

August 12, 2020

Venezuela might soon mandate collecting taxes in Petro, the state’s digital currency, as the Bolivarian Council of Mayors have signed the “National Tax Harmonization Agreement.” The country’s vice president,...

US Puts $5 Million Bounty on Venezuela’s Crypto Superintendent

June 3, 2020

The US Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) New York has added Joselit de la Trinidad Ramirez Camacho, Venezuela’s crypto head, to its most wanted person’s list. ...

Venezuelan Central Bank to Open Crypto Payments

October 1, 2019

The Venezuelan government is activating cryptocurrency payment methods to circumvent the international restrictions imposed on it, Bloomberg reported on Tuesday. In a televised press conference on Monday, Ni...

Venezuela’s State Oil Company Wants Central Bank to Accept Crypto

September 27, 2019

The Venezuelan government is in the process of testing whether or not it can hold cryptocurrencies in its national reserves, according to a new Bloomberg report. The report cited “four people with direct know...

Petro Forced Upon Pensioners by Venezuelan Government

December 14, 2018

With inflation reaching over 1,000,000 percent, people forced to eat animals they find in the street and president Nicolas Maduro’s nephews arrested for trying to traffic 800 kg of cocaine into the USA, Venez...

Venezuela to Force Citizens to Use Cryptocurrency Petro to Buy Passports

October 8, 2018

The Vice-President of Venezuela, Delcy Rodriguez, announced last Friday that passport issuance fees can only be paid in the government-created cryptocurrency Petro as of November 1, 2018. Furthermore, the cos...

Venezuela Devalues Bolivar by 95%, Pegs it to ‘Petro’ Cryptocurrency

August 20, 2018

The Venezuelan government has taken on a number of desperate, unorthodox initiatives to save its economy from total collapse. In the most significant move, the government has devalued the country’s national c...

Venezuelans See Bitcoin as Alternative to Bolivar, Volumes Hit Record High

April 20, 2018

Recent data from VeneBloc‏ ‏pointed out that Venezuelans’ Bitcoin trading volume has ‎jumped to the equivalent of $1.009 million in bolivars on April 17. There seems to be ‎ever-increasing excitement about th...

16 Cryptocurrency Exchanges Get Approval to Launch in Venezuela, List Petro

April 14, 2018

Venezuelan President Nicolas Maduro has reportedly approved the ‎registration of 16 cryptocurrency exchanges in the country, months after ‎introducing regulations for ‎the emerging space.‎ According to local...

Venezuelan Government to Auction Petros at Official Exchange Venue ‘Dicom’

March 7, 2018

More news about the infamous Petro of Venezuela – the government will begin selling it on the Dicom foreign exchange platform in a few weeks, according to investing.com. Dicom is the venue at which the Venez...