Venezuela Government Regulates Crypto Remittances

The government of Venezuela has officially begun to regulate cryptocurrency remittances. Venezuela Government Regulates Crypto Remittances For a considerable year, Venezuela is confronted with a genuine budgetary crisis. The nation’s fiat currency, the Bolivar, is constantly hyper-expanded. Venezuelan President, Nichola Maduro, has endeavored to “fathom” the nation’s issues by presenting “Petro”. Petro is a national […]

Venezuela’s New Crypto Rules Come Into Force

Finally, Venezuela’s “Constituent Decree on the Integral System of Crypto Assets”  published! It appeared in the country’s official gazette which helps to build up a legitimate system for cryptocurrencies in Venezuela.   The constitution contains 63 articles which include rules by which to buy, deal, use, distribution, and trade cryptocurrencies and related products. It also […]

Nearly 100,000 Venezuelans To Receive Crypto Subsidy

The situation on the ground in Venezuela is unimaginable in comparison to the US and other countries where the type of economic chaos and inflation being wreaked upon the citizens of the Latin American country has not been allowed or felt for several decades.Absurdly inflation is estimated somewhere around one million percent for the native […]

Petro as the ‘Digital Currency for Oil’

Petro as the ‘Digital Currency for Oil’– A bold suggestion is being made by Venezuela to Recommend Petro As ‘Main Digital Currency Backed By Oil’ to OPEC! Venezuela’s Minister of Petroleum and the president of the nation’s oil company PDVSA, Manuel Quevedo, announced via Twitter that the Petro would be presented to the Organization of […]