The post Venezuelan President Announces Superintendence of Its Oil-Backed Cryptocurrency ‘Petro’ appeared first on CCN
As covered by CCN, Venezuelan President Nicolas Maduro recently announced the creation of a new cryptocurrency during a Christmas television special. The new cryptocurrency, dubbed “petro” will be backed by commodity reserves, including oil, diamonds, and gold. Per the Venezuelan leader, it will help overcome the country’s “financial blockade.” At the time, opposition leaders made
The post Venezuelan President Announces Superintendence of Its Oil-Backed Cryptocurrency ‘Petro’ appeared first on CCN
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