Slippery start for Venezuela’s petro crypto coin – ValueWalk Premium

Slippery start for Venezuela’s petro crypto coin

The government of crisis-torn Venezuela, struggling to overcome chronic liquidity shortages and burdened by US sanctions, launched the first government-backed cryptocurrency, the petro, earlier this year. But while Nicolas Maduro’s administration hopes a currency backed by the country’s vast oil reserves can lead the nation out of the financial woods, there are precious few people who…



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