Venezuelan President Announces Superintendence of Its Oil-Backed Cryptocurrency Petro

The post Venezuelan President Announces Superintendence of Its Oil-Backed Cryptocurrency &8216Petro&8217 appeared first on CCNnAs 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 countrys financial blockade. At the time, opposition

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