Last Updated on August 10, 2023 by Paganoto
Venezuela Pegs Minimum Wages to National Cryptocurrency
Venezuela Pegs Minimum Wages to National Cryptocurrency
The Venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC. Venezuela said its minimum wage would now be 50% pegged to the national petro (PTR) cryptocurrency, according to a report from Bloomberg on Friday.Mar 3, 2022
As Venezuela's economy regresses, crypto fills the gaps
As Venezuela's economy regresses, crypto fills the gaps
In Venezuela, crypto is mainly used to hedge against inflation that causes bank deposits to sharply depreciate in weeks or even days. “Valiu …
How Open and Public Cryptocurrencies Can Help Venezuelans
How Open and Public Cryptocurrencies Can Help Venezuelans
One example is Bitcoin Venezuela, a nonprofit organization that feeds about 2,000 people on a daily basis through Bitcoin donations.
Venezuelans try to beat hyperinflation with cryptocurrency …
Venezuelans try to beat hyperinflation with cryptocurrency …
The cryptocoin is intended to circumvent Venezuela’s notoriously high inflation and has been in circulation since March this year. The socialist …
Petro (cryptocurrency) – Wikipedia
Petro (cryptocurrency) – Wikipedia
The petro (₽), or petromoneda, launched in February 2018, is a cryptocurrency issued by the government of Venezuela.
Cryptocurrency Ownership Data for Venezuela 2021 | TripleA
Cryptocurrency Ownership Data for Venezuela 2021 | TripleA
It is estimated that over 2.9 million people, 10.3% of Venezuela’s total population, currently own cryptocurrency.
Venezuela replaces national currency with bitcoin
Venezuela replaces national currency with bitcoin
In a fascinating move Venezuela, which has been a basket-case economy ever since Hugo Chavez died in 2013, has dropped their national …
How Bitcoin Could Smash Socialism in Venezuela
How Bitcoin Could Smash Socialism in Venezuela
In the face of these troubles, Venezuelans have turned to Bitcoin and other cryptocurrencies. Unlike US dollars, Bitcoin (BTC) can be purchased …
Bitcoin, ethereum rise as Venezuela launches digital currency
Bitcoin, ethereum rise as Venezuela launches digital currency
Cryptocurrencies were broadly higher on Friday morning, ending a volatile week on a high note, as Venezuela’s government-backed digital …
Venezuelans reportedly hit by new Bitcoin tax of up to 20%
Venezuelans reportedly hit by new Bitcoin tax of up to 20%
The Venezuelan government has approved a new tax bill aiming to collect up to 20% in taxes from cryptocurrency transactions, according to local …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.