Several companies have been so far linked to Venezuela's petro cryptocurrency initiative in the wake of this week's launch.
Venezuelan president Nicolas Maduro claimed Tuesday that a presale for the country's national cryptocurrency netted $735 million on its first day.
Venezuela revealed a new website for its petro token, releasing its technical white paper and telling potential customers how to purchase the coin.
Venezuela's government has reportedly launched the pre-sale of its controversial "petro" cryptocurrency, saying 82.4 million tokens are now available.
Venezuelan President Nicolas Maduro has proposed "joint cryptocurrency mechanism" for use by OPEC members and non-member oil producing states.
If OFAC turns its eye toward cryptocurrencies, it could be only a matter of time before it makes an example of one or more entities to send a message.
The president of Venezuela has said the pre-sale of the country's proposed oil-backed cryptocurrency will launch next month.
U.S. Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) have denounced Venezuela's planned cryptocurrency in a new letter.
Venezuelan officials have denied claims that the petro token's white paper has been released, calling such claims "false information."
Venezuela's opposition-run congress has declared that a planned new oil-backed cryptocurrency called the petro is illegal.
If the U.S. government just tries to go after each problematic example of crypto on an ad-hoc basis, it'll never get ahead of the issue.
Venezuelan president Nicolas Maduro has announced a new cryptocurrency called the "petro."
Various bitcoin sites experienced downtime over roughly four hours yesterday due to what appears to be a DNS server error at a major ISP.
Markets roiled around the world but the bitcoin price held steady last week, hovering close to $400.
BlinkTrade launched bitcoin exchange SurBitcoin in Venezuela last week, and today will unveil its West African venture, UbuntuBitX.