RATE Group | Venezuela’s Supreme Court of Justice Recognized Petro Cryptocurrency as Legal Tender
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Venezuela’s Supreme Court of Justice Recognized Petro Cryptocurrency as Legal Tender

03 Nov Venezuela’s Supreme Court of Justice Recognized Petro Cryptocurrency as Legal Tender

Posted at 22:07h in Cryptocurrency News by

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Venezuela is determined to become the first Latin American crypto nation, and after several delays, its government finally announced the launch of the Petro as a cryptocurrency created to counteract several of the problems associated with the issuance of traditional fiat money.

As soon as the Petro was announced, the U.S. government began a vigorous campaign against it due to the possibility of bypassing the sanctions unilaterally imposed by this government against the Venezuelan people.

The first “release” date was late March 2018, however, despite the announcements of President Maduro, the controversial crypto was never launched. Nobody could buy nor receive any PTR tokens:

#21Mar Let’s go Venezuela, and the entire World. The Petro’s ICO has begun

Subsequently, after several failed attempts and unexpected changes in the…

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