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Enter the 'petro': Venezuela to launch oil-backed cryptocurrency
CARACAS (Reuters) - Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the βpetroβ backed by oil reserves to shore up a collapsed economy.
https://www.reuters.com/article/us-...aunch-oil-backed-cryptocurrency-idUSKBN1DX0SQ
CARACAS (Reuters) - Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the βpetroβ backed by oil reserves to shore up a collapsed economy.
https://www.reuters.com/article/us-...aunch-oil-backed-cryptocurrency-idUSKBN1DX0SQ