/Venezuela's Congress declares 'petro' cryptocurrency illegal

Venezuela's Congress declares 'petro' cryptocurrency illegal



Cryptocurrency experts say Venezuela’s mismanagement of its own economy, combined with the ruling Socialist Party’s historic lack of respect for private property rights, will likely leave investors uninterested in acquiring petros. “This is not a cryptocurrency, this is a forward sale of Venezuelan oil,” said …

Source: Venezuela’s Congress declares ‘petro’ cryptocurrency illegal