Venezuela Makes Petro Crypto a National Currency, Publishes New Whitepaper

Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses.” A new whitepaper has also been published showing that the petro is no longer 100 percent backed by oil but is also backed by some of Venezuela’s other resources.

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