Venezuela Issues New Cryptocurrency In An Attempt To Circumvent Sanctions

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Feb 20, 2018

   Wochit
According to a report by Business Insider, on Tuesday, Venezuela's government will launch the first sale of its new cryptocurrency, the petro, backed by oil, gas, gold, and diamond reserves in the economically stricken South American nation. The country's cryptocurrency regulator, Carlos Vargas, told reporters last week that the token will attract investment from Turkey, Qatar, the US, and the EU.


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