Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as...
President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets. President Nicolas Maduro Reaffirms Venezuelan Pioneer Status in the Cryptocurrency Field Venezuelan President Nicolas Maduro reaffirmed the pioneer action that Venezuela had on crypto adoption in Latam. The statements were given during an interview....
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Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Venezuela has the largest supply of crude oil in the world, U.S. economic sanctions imposed in 2019 by the Trump administration prohibit American businesses from engaging with the state-owned oil company.
Maduro Insists ‘Venezuela Ready and Willing to Fulfill Its Role’ by Providing the World With Fuel
The current president of Venezuela, Nicolas Maduro, is a controversial....
Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam. Government Hints at Offering Cryptocurrency Loans in Venezuela Maduro hinted at the possibility of giving loans in cryptocurrency to the agricultural industry in an announcement made in a cabinet meeting last Thursday. He stated the country would look for....
Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59. This constitutes an increase of almost 1,800% compared to the previous amount of only seven Venezuelan bolívars (VES).
Minimum Wage Increase to Build “Sustainable Recovery”
Nicolas Maduro, president of Venezuela, announced the increase of the minimum monthly salary of....
Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. Speaking in the country’s parliament on Sept. 29, Maduro revealed that the move will “give new strength to the use of petro and other cryptocurrencies, national and global, in domestic and foreign trade…” The country has already been trying to use its national crypto, the petro, for this purpose but without much success. Maduro was delivering an anti-sanctions law aimed at....
The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation's dictator.