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Venezuela Cryptocurrency

Venezuela Cryptocurrency. While the maduro regime uses the petro coin to fund authoritarian oppression and combat hyperinflation, crypto solutions give. According to the venezuelan government, the country's cryptocurrency will launch within the next few days and will be backed by 5.3 billion barrels of oil worth $267 billion.

The Strange Story Of Venezuela S Cryptocurrency Freethink
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Or will it turn out to the petro is not a cryptocurrency. Financial sanctions and resurrect the country's moribund. Venezuela president nicolas maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling u.s. Venezuela launched a cryptocurrency, the petro, with much fanfare earlier this year. In february 2018, venezuela introduced the world to its last resort:

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While many say it is the next step for digital money and celebrate the success, opposite opinions become… The petro speaks volumes about venezuelan finances. As hyperinflation continues to ravage the venezuelan economy, president nicolas maduro has hinted. Venezuela's bitcoin story puts it in a category of one. Venezuela says government bodies must soon accept cryptocurrency. Venezuela to pay christmas bonuses with a contraversal cryptocurrency, the petro.

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