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Venezuela Authorizes 6 Exchanges to Start Selling National Cryptocurrency Petro

Venezuela has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the government’s website. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report.

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Six Websites Authorized to Sell Petro

The Venezuelan government has authorized six websites it claims are cryptocurrency exchanges to market and sell the petro, the country’s new national currency. Noticiero Digital elaborated:

The petro will be available from this Wednesday, October 17, at six exchanges, although President Maduro announced previously that there would be 16 certified companies that could market the digital currency.

The six places are Cave Blockchain (caveblockchain.com), Bancar (bancarexchange.io), Cryptia (cryptiaexchange.com), Amberes Coin (amberescoin.com), Afx Trade (afx.trade), and Criptolago (criptolago.com.ve). Some of them are already advertising the petro on their websites. In his speech earlier this month, Venezuela’s president Nicolas Maduro said that the petro would be available at “the six most powerful [exchanges] in the world.”

Venezuela Authorizes 6 Exchanges to Start Selling National Cryptocurrency Petro
The petro section on Cryptia.

Cryptia’s website lists three cryptocurrencies for trading against BTC — ETH, DASH, and XRP — but with zero trading volumes. “Buy and sell petros through our platform,” the section on its website describing the petro reads, adding (translated from Spanish):

Access the cryptocurrency [petro] in bolivares and exchange them for bitcoin, ethereum or American dollars.

Amberes Coin describes itself as a cryptocurrency exchange “authorized by the Venezuelan State for the purchase and sale of the petro, bitcoin, ether and any digital assets” that are allowed by the country’s regulation. Afx Trade explained that it is a regulated cryptocurrency exchange platform in Venezuela for buying, selling, and safeguarding “digital assets inside and outside the national

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