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Tag Archives: petro

Venezuela Claims Petro Cryptocurrency Has Raised $3bn from Investors in 127 Countries

The Venezuelan government has made some new claims about the pre-sale of the country’s oil-backed cryptocurrency, the petro. After one week, President Nicolas Maduro said that the petro had raised $3 billion from 171,015 certified purchases, from investors in 127 countries. The majority of the orders were in dollars, followed by bitcoin and ether, according […]

Poland Refutes Reports of Its Interest in Venezuela’s Oil-Backed Cryptocurrency

Poland’s Ministry of Finance has refuted reports that it is interested in the petro, the Venezuelan ”oil-backed” currency. Earlier this month, Venezuela reportedly claimed that a handful of countries have expressed interest in receiving the petro for commerce with Venezuela such as Norway, Denmark, Brazil, Vietnam, Poland, and others. Also read: Indians Look to Buy Bitcoin […]

Venezuela Is Talking With Russia About Cryptocurrency

Venezuelan finance minister Simon Zerpa Delgado announced on Twitter that he visited Moscow to update Russian officials on Venezuela’s petro currency.

Venezuelan Senate Outlaws the Creation of the Petro Cryptocurrency

Most people are well aware of how Venezuela wants to create its own cryptocurrency. Known as the Petro, this new form of money is backed by the country’s natural oil reserves. Although president Maduro has planned to issue quite a few of these coins in the near future, that may not happen after all. More […]