Petro Financial News
17.06 / 12:01
Petro
Venezuela’s President Maduro Might Use Crypto to Evade Recent Sanctions, Critics Allege
Venezuela’s President Nicolás Maduro and the government are seeking ways to circumvent the recent US sanctions using crypto, alleged critics.
13.01 / 14:13
26.09 / 12:21
regulation
Oil and Gas
Petro
Agency
reorganization
2024
Venezuela extends reorganization shutdown of crypto agency to March 2024
Venezuela was one of the first Latin American countries to establish its own crypto oversight body, the National Superintendency of Crypto Assets (Sunacrip). Now, the government says it will take six extra months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.
04.07 / 06:27
Blockchain
SUN
Platform
Dreams
Petro
Backed
Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’
The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.”
27.03 / 10:19
Mining
regulation
Exchange
Legal
Petro
Venezuela's Anti-Corruption Investigation Rocks Cryptocurrency Industry: Exchanges and Mining Farms Shut Down
Venezuelan crypto companies - specifically mining farms and exchanges - have reportedly been ordered to shut down over the past few days, following the President's order to restructure the country’s crypto regulatory agency. They seem to have been a casualty of an investigation that resulted in the arrest of 21 individuals.
25.03 / 21:53
business
Mining
Latin America
Petro
Venezuela shuts down crypto mining facilities, exchanges amid corruption probe
Venezuela's energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country's oil company.
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