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Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system.“Crypto transfer device” supports four currenciesAccording to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. Translated part of the announcement

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Venezuela to Finance Housing Projects through Petro Cryptocurrency

Venezuela has decided to use its state-backed cryptocurrency, the Petro, to fund its ambitious housing scheme.Ildemaro Villarroel, the country’s Minister of Habitat and Housing, confirmed this news in an announcement made on a government website. The minister agreed confidently that by funding the project through the country’s pet cryptocurrency, Petro,

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US Legislation Against Venezuela’s Petro Could Have Dire Consequences for Crypto

Senate bill 1025, which aims to completely ban the use of Venezuela’s cryptocurrency Petro, can have disruptive consequences for the sustainability of cryptocurrencies in the U.S. digital markets.Last year, Donald Trump signed an executive decree that prohibited U.S. citizens from owning and trading in Petro, the Venezuelan government cryptocurrency backed

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New Bitcoin Trading Record as Biggest Bank Embraces Petro

Venezuela’s largest bank, the Bank of Venezuela (BDV), has added support for the country’s controversial Petro digital currency. Bank of Venezuela hints at crypto walletAs cryptocurrency news outlet Decrypt reported on Sept. 13, BDV clients have discovered a new section in their online banking account dedicated to cryptocurrencies. At present, the crypto

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Venezuelan Official Says Remittance Platform for Petro is Ready to Use

National Superintendent of Cryptoactives Joselit Ramírez has announced that crypto remittance platform Patria Remesa is live and functioning.Radio announcement about the platformThe Bolivarian Government of Venezuela reported the news on Aug. 27. According to the report, Ramírez said that Patria Remesa was ready for use on a radio show

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Venezuela’s Largest Department Store Begins Accepting Crypto Petro – CCN Markets

Venezuelan president Maduro's controversial oil-backed cryptocurrency gains further acceptance. | Source: ShutterstockThe Venezuelan Petro could be on its way to becoming a cryptocurrency with real use cases. Today, with no big advertisements or fanfare, reports and pictures appeared that Traki, one of the largest department stores in the country,

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Venezuela’s Maduro Compels All Banks to Allow Trade in El Petro Cryptocurrency

Venezuela’s Maduro government recently took another step towards promoting its state-issued cryptocurrency, El Petro. The Venezuelan government asked Banco de Venezuela and all of its branches to allow citizens to buy and sell El Petro, the state-issued cryptocurrency that Maduro has been pushing aggressively.Venezuela has been facing tremendous pressure

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President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4.According to the tweet, Maduro gave “the express order to open Petro desks in all the branches

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