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Venezuela New Cryptocurrency

Venezuela New Cryptocurrency. As venezuela staggers under political and economic crises, its citizens are embracing digital money. Venezuela will create a cryptocurrency to advance monetary sovereignty, as it will help to overcome the financial blockade and thus move towards new forms of international financing for the economic.

Venezuela S Petro Undermines Other Cryptocurrencies And International Sanctions
Venezuela S Petro Undermines Other Cryptocurrencies And International Sanctions from www.brookings.edu
20 during a ceremony in the presidential palace in caracas. The new technology has amassed a somewhat dubious reputation due to claims that it's an economic bubble. A lot of people around the world are still on the fence about cryptocurrencies. Is venezuela's new cryptocurrency an ingenious plan to evade u.s. Here's what went wrong.subscribe here.

The inflation was so high, that introducing a new cryptocurrency and putting it into public circulation was definitely one of them.

Is venezuela's new cryptocurrency an ingenious plan to evade u.s. As of august 2018 it does not appear to be used as a currency. This month, president nicolas maduro ordered the banco de venezuela to accept petro in order to promote its mainstream adoption. 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 inflation was so high, that introducing a new cryptocurrency and putting it into public circulation was definitely one of them. Yet, the new cryptocurrency didn't receive a positive reaction.

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