What Cryptocurrency Is Venezuela

Last Updated on March 23, 2023 by Paganoto

Petro (PTR) Definition – Cryptocurrency – Investopedia

Petro is a cryptocurrency proposed by the government of Venezuela to circumvent international sanctions against it and revive the country's flailing economy. It is supposedly backed by a portion of Venezuela's massive oil reserves.Feb 26, 2022

As Venezuela's economy regresses, crypto fills the gaps

Valiu uses pesos to buy cryptocurrency that it then sells on LocalBitcoins, a global peer-to-peer site for trading tokens in local currencies.

Petro (cryptocurrency) – Wikipedia

The petro (₽), or petromoneda, launched in February 2018, is a cryptocurrency issued by the government of Venezuela.

Venezuela Pegs Minimum Wages to National Cryptocurrency

Venezuela said its minimum wage would now be 50% pegged to the national petro (PTR) cryptocurrency, according to a report from Bloomberg on …

How Open and Public Cryptocurrencies Can Help Venezuelans

Back then, Venezuela became the first nation state to ever launch a so-called cryptocurrency. However, the petro is not an open and public …

Venezuelans try to beat hyperinflation with cryptocurrency …

With Venezuela’s official currency plummeting for years, both the government and cryptocreators are trying to stem the rot with digital tokens.

CryptoCurrency in Venezuela – Regtechtimes

Petro is regarded as the cryptocurrency in Venezuela that came into existence through the digital markets by the Venezuelan government. In December 2017 this …

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.

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%

The Venezuelan government has approved a new tax bill aiming to collect up to 20% in taxes from cryptocurrency transactions, according to …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.