Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.
Venezuela is reportedly launching a youth bank to be funded by the state's controversial cryptocurrency, the petro.
A Russian Finance Ministry official has stated that Venezuela will not pay off its $3.5 billion debt using the petro.
Crypto enthusiasts around the world should send a strong signal to President Maduro that blockchain technology will not be used to support corruption.
A Russian official has called reports that the country helped Venezuela launch its controversial petro cryptocurrency "fake news."
The Treasury Department may start publishing wallet addresses along with the names of people and organizations with whom it forbids doing business.
A politician from Venezuela's ruling party has denounced U.S. sanctions against the petro, as the sale of the token opens to the public.
A report Monday indicated that US President Trump might sanction Venezuela and its petro token.
Florida senator Bill Nelson has denounced Venezuela's petro token and asked how the U.S. Treasury plans to enforce sanctions.
The Brookings Institute warns that the petro will undermine both international economic sanctions and truly decentralized cryptocurrencies.
A lawmaking body in Venezuela is moving to denounce the country's forthcoming petro cryptocurrency, spearheaded by President Nicholas Maduro.
Venezuelan president Nicolas Maduro said the government has received 171,000 certified purchase orders for the petro, most of them from individuals.
The latest awkward use case for cryptocurrency is funding rogue states led by egotistical dictators. The world may just have to live with this.
In the wake of its petro launch, Venezuela may still limit the number of crypto exchanges permitted to operate in the country, sources say.