In Venezuela, there has been a severe economic crisis. Hyperinflation has been a big part of the problem there. Prices skyrocket, and then people can't afford food or medicine. President Nicolás ...

Venezuela's largest bank, state-owned Bank of Venezuela, is close to becoming the first financial institution in the country to offer its clients the option of conducting operations both in fiat and ...

When President Nicolás Maduro launched the Petro in February 2018, it was marketed as a revolutionary instrument—a state-backed cryptocurrency ostensibly tied to Venezuela’s vast oil reserves that ...

Venezuelan leaders face an unprecedented economic crisis, and their currency is almost worthless. So they created a new one. Venezuela’s government on Tuesday launched the world’s first sovereign ...

Venezuelas controversial cryptocurrency was launched six months ago but has been left in limbo ever since. Now, though, President Nicolas Maduros government insists it will start working.

Cash-strapped Venezuela on Tuesday became the first country to launch its own version of bitcoin, a move President Nicolas Maduro celebrated as putting his country on the world's technological ...