Tag: Venezuela

Crypto Remittances Regulation Begins In Venezuela
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Crypto Remittances Regulation Begins In Venezuela

Venezuelans will begin to pay a maximum of 15% commissions of transaction amount after the government started to regulate Crypto remittances. The country’s Crypto regulator The Sunacrip (National Superintendency of Crypto Assets and Related Activities), announced the new directive on Friday. However, some people have criticized the move on Twitter claiming that it does not promote…

New York-based PetroDollars Cryptocurrency Rebrands As PDX
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New York-based PetroDollars Cryptocurrency Rebrands As PDX

PetroDollars Blockchain platform that is based in New York City, USA is rebranding to distance its name from the name ‘Petro Dollars’ to PDX. The announcement that was made on Monday 12th November seeks to attract more users and propel the Token on its roadmap of success particularly on its ICO crowdfunding target and adoption….

Dash Text Launches In Venezuela
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Dash Text Launches In Venezuela

Dash has officially announced the launch of its text-based altcoin payment services in Venezuela. Dash Text will enable Venezuelans without smartphones or internet connection to use SMS-based virtual currency transaction service. The new product is expected to enhance the adoption of Cryptocurrency in a country where hyperinflation has made bolivar, the local currency almost worthless….

Petro Now Available In Six Exchanges
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Petro Now Available In Six Exchanges

The Venezuelan national Cryptocurrency, petro is now listed in six exchanges. The government authorized the exchanges to start selling the new national currency. The National Superintendency of Criptoassets and Related Activities (Sunacrip) regulates altcoin and related activities in the country. In February, Venezuela became the first country to launch a national Cryptocurrency with the aim…

President Maduro Makes Petro A Legal Tender
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President Maduro Makes Petro A Legal Tender

Venezuela’s president Nicolas Maduro has declared petro, the state-owned Cryptocurrency a national currency. The president claimed the coin is already listed in 6 exchanges although he didn’t name any. The government has also published a new whitepaper that shows the altcoin is backed by oil and other minerals in the country. Venezuelans will be able…

Venezuelan Banks To Adopt Petro
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Venezuelan Banks To Adopt Petro

Venezuelan president Nicolás Maduro has directed the Petro digital coin to be accepted as a method of an account by banks in the country. This has been seen as a way for the leader to reduce the effects of his tenure’s economic policies. In the latest changes made to economic reforms, President Maduro has also…

Venezuela To Create Crypto Based Central Bank
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Venezuela To Create Crypto Based Central Bank

Venezuela will reportedly be creating a central bank specifically for cryptocurrencies. This news has been revealed as it was also revealed that the nation’s National Constituency Assembly was in the process of preparing for reforms on the nation’s Constitution to include the soon to be created cryptocurrency central bank as well as a court that would…

Venezuela Crypto Backed Currency To Be Launched In August
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Venezuela Crypto Backed Currency To Be Launched In August

The new crypto backed national currency will be in circulation from the 20th of August says Venezuela’s president Nicolás Maduro. The New National Currency To Have Fewer Zeros, Improve Ease Of Carrying And Count The president has announced that the current national currency, Bolívar, will be replaced by the new national currency (The Bolívar Soberano)…