Venezuela’s Congress declares ‘petro’ cryptocurrency illegal
Venezuela’s Congress declares ‘petro’ cryptocurrency illegal from Reuters
TDC Note – It seems the Venezuelan Parliament sees El Petro in a different light than President Maduro. Maduro is attempting to hold on to power. I ask where he came up with a cryptocurrency so quickly – and wether it would even function – but, this is a power play on the President’s part. Parliament is attempting to strip Maduro of his power.
Venezuela’s opposition-run parliament on Tuesday outlawed a “petro” cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country’s oil reserves.