Venezuelan Authorities Mandate Local Banks to Integrate Oil-backed Petro Cryptocurrency

2018-8-30 03:00

Venezuela’s President Nicolas Maduro and his cabinet are determined to liberate the nation from the age-long economic crisis that has plagued the region, with its native digital currency the Petro.

Per a France 24 report on August 28, 2018, authorities have ordered local banks present in the region to adopt the Petro crypto. Banks to Use the Petro Altcoin According. . . The post %%POSTLINK%% appeared first on %%BLOGLINK%%. .

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Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto

Venezuelan President Nicolas Maduro ordered banks to adopt the Petro, the Maduro government-launched cryptocurrency, as a unit of account and use this cryptocurrency in all financial reports. The post Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto appeared first on CoinSpeaker.

2018-8-29 12:28
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Venezuela's Maduro Orders Banks to Adopt Petro Cryptocurrency

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.

2018-8-29 00:00
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President Maduro is forcing Venezuelan banks to use his dodgy cryptocurrency

Nicols been Maduro’s plan to pull Venezuela out of financial turmoil. Last month, its highest ever inflation rate was recorded, with prices for goods and services rising by at least 82,766 percent.