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Venezuelan President Nicolas Maduro Proposes Retaking the ‘Crypto Path’

[Sep 3, 2024 3:30 AM] Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated…

Latam Insights: Argentina’s MIlei Blasts Collectivism at Davos, Venezuelan Petro Still Alive

[Jan 22, 2024 1:00 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei warns about the dangers of collectivism at Davos, the Venezuelan petro is…

Venezuela Ends Controversial Petro Cryptocurrency: Reports

[Jan 15, 2024 1:59 AM] Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports.

Latam Insights: Bukele Frontrunned Blackrock’s Bitcoin ETF Move, Bitcoin Lease Contracts in Argentina

[Jan 14, 2024 8:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador’s President Nayib Bukele states they got into Bitcoin before Blackrock, the first…

Venezuela extends reorganization shutdown of crypto agency to March 2024

[Sep 26, 2023 5:48 AM] The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.

Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention

[Jul 17, 2023 11:30 PM] The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal…

Latam Insights — Petro Liquidation Imminent, Ripple Partners With Colombian Central Bank

[Jun 19, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, reports indicate that the Venezuelan government will liquidate the petro, Ripple partners with the Central…

Reports Indicate Venezuela Is Preparing to Liquidate the Petro

[Jun 16, 2023 2:30 AM] According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former…

Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked

[May 29, 2023 8:30 AM] The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also…

Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

[Mar 25, 2023 12:26 PM] According to Venezuela's attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department.

Venezuela overhauls national crypto department

[Mar 19, 2023 4:02 PM] A new board will lead the reorganization, headed by Anabel Pereira Fernández. The new team excludes Joselit Ramirez, who led the department since its inception in 2018.

Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment

[Jan 17, 2023 6:30 AM] Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a…