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Venezualan Petro

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US Imposes Fresh Sanctions Against Venezuela’s Petro

Caracas (VZA) – U.S. President Donald Trump has announced fresh sanctions against Venezuela’s fledgling Petro cryptocurrency, which was launched specifically to help stabilize the Latin American nation’s economy. The blockade, due to be signed and implemented today, restricts the use of Petros in U.S. financial transactions, McClatchy reports. Trump and other critics have claimed the Petro, backed by Venezuela’s oil reserves – the largest in the world – is unreliable. Yet in presales alone, Venezuela has already made […]

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Venezuela: Petro Reaches $5 Billion in Pre-Sales

Caracas (teleSUR) – Venezuelan President Nicolas Maduro said the Petro had strengthened the country’s international reserves. The Petro, the world’s first national cryptocurrency based on natural resources, has generated sales over five billion dollars during its pre-sale period and has recorded over 186,000 certified purchases. The sale of the Petro has also significantly strengthened the country’s foreign reserves amid increased international aggression. The announcement of the continued […]

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