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Special Report: In Venezuela, new cryptocurrency is nowhere to be found

A special four-month investigation by reporters has found little use of the new Venezuelan oil-backed cryptocurrency, an investigation at-odds with government statements claiming that petrol sales have increased $3.3 billion and that the coin is being used to pay for imports. A cabinet minister, however, said that the technology behind the coins is still being developed, while the superintendent overseeing the project could not be tracked to a physical office. 

Source: Special Report: In Venezuela, new cryptocurrency is nowhere to be found | Reuters

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