Thursday, April 10, 2025
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Venezuela’s Central Bank Contemplates What to Do with Crypto Reserves

According to some sources, Venezuela’s Central Bank is conducting tests to check if it can contain cryptocurrencies in its coffers. The news came after Petroleos de Venezuela SA showed interest in using Bitcoin(BTC)trade to make its payments.Petroleos de Venezuela SA (PDVSA) is a state-run natural oil and gas company. According

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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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“Patria Remesa”: Venezuela’s New Remittance Cryptocurrency Platform

The Venezuelan government just announced a new state-run cryptocurrency remittance platform called Patria Remesa, according to an official press release. The platform allows the people of Venezuela who are working abroad to send money back to the country.The National Superintendent of Cryptoactives, Joselit Ramírez, announced in a radio program broadcast

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