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Venezuela president not giving up on state-issued Petro cryptocurrency

Venezuela president not giving up on state-issued Petro cryptocurrency – CoinGeek

It’s come in for heavy criticism, both at home and abroad. But for Venezuela’s controversial president, the state-issued Petro cryptocurrency remains a key tool for reviving the country’s ailing finances. In a state broadcast, President Nicolas Maduro said the state would pay “protectorates and states” of Venezuela the sum of 1 million Petros, twice per month, as a means of encouraging circulation of the cryptocurrency.