Venezuela’s first state-run cryptocurrency will be backed by three of the country’s major natural resources. Venezuela previously announced their intention to step into the crypto spotlight by creating their own digital currency, the Petro. The country’s president, Nicolás Maduro, noted that the creation of the state-controlled crypto is a way to “innovate toward new forms of international finance for the economic and social development of the country.” Sidestepping Those Sanctions It could also be due to<br />Read More<br />The post Crude Oil to Support Venezuela’s Petro Cryptocurrency appeared first on Bitcoinist.com.
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Crude Oil to Support Venezuela’s Petro Cryptocurrency
December 28, 2017 / in Bitcoin news | Published News | Bitcoin news, Bitcoin Updates / with No comments /
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