Venezuela Makes Petro Crypto a National Currency, Publishes New Whitepaper

Venezuela’s president Nicolas Maduro has made a number of claims relating to his nation’s digital forex this week. He introduced the launch of the petro as a nationwide forex on Monday, reportedly claiming that it’s already “current on this planet’s six topmost worldwide alternate homes.” A brand new whitepaper has additionally been revealed exhibiting that the petro is not 100 % backed by oil however can also be backed by a few of Venezuela’s different sources.

Additionally learn: 160 Crypto Exchanges Search to Enter Japanese Market, Regulator Reveals

Petro Formally a National Forex

Maduro introduced on Monday the official launch of the petro, supposedly an oil-backed cryptocurrency created in February. In a televised deal with, he stated:

Venezuela makes historical past! At the moment we take a step ahead with the launch of petro as a nationwide forex and platform for strengthening our monetary sovereignty.

Telesur TV subsequently quoted him declaring that the petro,…

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