Economic

Venezuela Will Create New ‘Petro’ Cryptocurrency, President Maduro Says

“Venezuelan President Nicolás Maduro says his country will create a cryptocurrency system called the ‘petro,’ backed by oil reserves and other natural resources, in his latest attempt to cope with an abysmal national economy and multiple rounds of U.S. sanctions.”

Source: Venezuela Will Create New ‘Petro’ Cryptocurrency, President Maduro Says : The Two-Way : NPR

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