Russia Potentially Helped Venezuela Launch Petro to Dodge U.S. Sanctions

On March 19, 2018 Donald Trump issued a executive order banning Venezuelan President Nicolás Maduro’s oil-backed cryptocurrency, the petro. In case you missed it, Donald Trump’s formal statement notes, “in light of recent actions taken by the Maduro regime to attempt to circumvent U.S. sanctions by issuing a digital currency in a process that Venezuela’s democratically elected National Assembly has …

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Venezuela Sold $5 Billion in Petro Cryptocurrency, Claims President – Bitcoinist.com

Adam James · March 12, 2018 · 9:30 am Venezuelan President Nicholas Maduro has claimed the successful launch and sale of Petro — the first ever state-issued cryptocurrency. Petro Cryptocurrency Sale Reportedly Tops $5 Billion Petro is the first cryptocurrency which is purportedly backed by natural resources. According to Venezuelan President Nicholas Maduro, the sale of his pet cryptocurrency has …

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Petro is a Terrible Investment (If You Didn’t Already Know) – Bitcoinist.com

Adam James · March 6, 2018 · 4:00 pm Near the middle of February, collapsing socialist country Venezuela launched Petro — the world’s first state-issued cryptocurrency — purportedly backed by the country’s oil reserves, and there is quite literally no reason anyone should ever invest in the farce. Backed by Incompetence President Maduro’s decision to create his own cryptocurrency might …

The Future of Venezuela’s Petro Currency Remains Unclear

Venezuela has big plans for the Petro cryptocurrency. Backed by natural oil reserves, this new form of money can solve […] The post The Future of Venezuela’s Petro Currency Remains Unclear appeared first on Bitcoin Network, News, Charts, Guides & Analysis.