• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    BlackRock CEO Predicts $500K Bitcoin Surge

    BlackRock CEO Predicts $500K Bitcoin Surge

    Metaplanet Launches US and Japan Subsidiaries Amid Market Volatility

    Metaplanet Launches New US, Japan Subsidiaries Amid Stock Volatility

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Next Technology's Major Bitcoin Acquisition Plans

    Next Technology Plans $500M Stock Sale to Buy Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

    Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

    Cardano Founder Engages in Key Crypto Regulation Meeting

    Cardano Founder Engages in Key Crypto Regulation Meeting

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Shiba Inu Market Trends: Exchange Reserves and ETF Discussions

    Shiba Inu Exchange Reserves Drop Amid ETF Buzz

    Forward Industries' $4B Solana Investment Strategy Unveiled

    Forward Industries’ $4B Solana Investment Strategy Unveiled

    CleanCore's DOGE Treasury Surpasses $160M Boosting Market

    CleanCore’s DOGE Treasury Surpasses $160M Boosting Market

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

The Venezuelan Authorities Has Introduced a Crypto Related Investment Plan

Joshua T. by Joshua T.
November 8, 2018
in Latest News
20181005182302

The Venezuelan Government has launched an investment plan for its citizens. The plan is aimed at getting them invested the country’s national crypto —petro. The investment plan has been dubbed the — Petro Savings Plan.

The Petro Savings Plan

The government of Venezuela recently introduced the Petro Savings plan and it has plans to get the citizens of the country fully invested in the coin. This new development will also ensure that the citizens “save by means of a certificate”.

A local news outlet reported that the newly introduced plan for savings is part of the “Comprehensive National Cryptoasset Plan”.
The report has also made it known that only 4 million Petros which is equal to 14,400 million sovereign bolivars (Venezuela’s fiat currency) will be available in the investment pool.
Anyone interested in this investment plan will need to do so using Plataforma Patria—an online platform accessible to about 18 million Venezuela citizens having an ID card.

Some Specifics of the Investment Plan

Based on a statement from Tareck El Aissami, Venezuela’s vice president, the minimum investment period allowed on the platform is 90 days.
He made this known in a statement which states that:

“The savings method includes quarterly amortizations and a final payment that can be executed between 90, 180 or up to 270 days, a scheme that allows safeguarding the value of the investment”

He further stated that:

“there’s a formula that “will be applied so that the value of the bolivar in the present is equal or superior than at the moment that (the savers) withdraw their money.”

The report also made it known that
People can purchase as low as 0.01 Petros (which is the minimum they can purchase). By conversion, 0.01 Petros is equalled to 39 sovereign bolivares.

Previous Post

French Authority to Reduce Tax Rate on Crypto Sales

Next Post

Coinzilla Just Updated Its Platform – Crypto Advertising at Its Finest

Joshua T.

Joshua T.

Related Posts

Federal Reserve Cuts Rates by 25 Basis Points

Federal Reserve Cuts Rates by 25 Basis Points

by Joshua T.
September 18, 2025

Federal Reserve opts for a 25 basis point rate cut as Fed Chair Powell clarifies decision. Implications for crypto and...

Fed Opts for 25 Basis Points Rate Cut

Fed Opts for 25 Basis Points Rate Cut

by Solomon M.
September 18, 2025

Federal Reserve announces 25 bps rate cut amid divided committee support.

Bio Protocol Raises $6.9M in Seed Round

Bio Protocol Raises $6.9 Million Led by Maelstrom Fund

by Solomon M.
September 18, 2025

Bio Protocol secures $6.9M in seed funding, led by Maelstrom Fund, boosting DeSci potential.

Cardano, Ripple Lead Crypto Regulation Talks

Cardano, Ripple Lead Crypto Regulation Talks

by Solomon M.
September 18, 2025

Cardano and Ripple join U.S. lawmakers for key bipartisan crypto regulation discussions, marking significant policy progress.

Federal Reserve Cuts Interest Rates by 25 Basis Points

Federal Reserve Cuts Interest Rates by 25 Basis Points

by Solomon M.
September 17, 2025

Federal Reserve Chair Jerome Powell announces 25 bps rate cut affecting market liquidity.

NYDFS Mandates Blockchain Analytics for Bank Compliance

NYDFS Mandates Blockchain Analytics for Bank Compliance

by Solomon M.
September 17, 2025

NYDFS mandates blockchain analytics for banks to curb illicit activities, impacting financial compliance.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.