Meet the 'Petro,' Venezuela's New Oil-Backed Cryptocurrency Aimed at Skirting US Sanctions - Fortune

Meet the 'Petro,' Venezuela's New Oil-Backed Cryptocurrency Aimed at Skirting US Sanctions - Fortune

December 04, 2017

Meet the 'Petro,' Venezuela's New Oil-Backed Cryptocurrency Aimed at Skirting US Sanctions
Fortune
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 “petro” backed by oil reserves to shore up a collapsed economy. The leftist leader offered ...
Venezuela unveils virtual currency amid economic crisisBBC News
Venezuela to Create a Cryptocurrency Amid Bolivar's Free FallBloomberg
Venezuela's government and opposition sought to jump-start negotiations on elections and the financial crisisPittsburgh Post-Gazette
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