The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency as a unit of account,…
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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…
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Trezor says they have no official resellers in Venezuela after Nicolas Maduro appeared on a state-run TV station with what appears to be the Trezor hardware Bitcoin wallet. On Nov. 6, President of Venezuela, Nicolas Maduro appeared on state-run television station Venezuelan Television Corporation (VTV), holding a crypto hardware storage device allegedly developed by major…
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