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."
Time Magazine reported Tuesday that the Russian government helped Venezuela develop the petro cryptocurrency with the support of Vladimir Putin.
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.
A U.S. senator who has previously spoken out against Venezuela's newly launched "petro" cryptocurrency isn't done with the issue.
While a lot is still unclear about Venezuela's state-backed "petro" token, what is apparent is that many feel it's potentially harmful for its people.
Venezuela officially has its own cryptocurrency – and its president wants some of the country's state-owned businesses to use it.
Venezuelan finance minister Simon Zerpa Delgado announced on Twitter that he visited Moscow to update Russian officials on Venezuela's petro currency.