The head of Venezuela's state-backed petro cryptocurrency has been added to the U.S Immigration and Customs Enforcement's Most Wanted list.
Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running.
The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.
Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.
Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions.
The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.
Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.
Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.
Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.
Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro.
Venezuelans must now pay for passports with the country's controversial petro token, according to a report.
A bipartisan group of U.S. senators is pushing for tighter sanctions against Venezuela's state-backed cryptocurrency, known as the petro.
Venezuela's president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.
The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.
Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.