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Venezuela Will Launch An Oil-Backed Cryptocurrency

2017-12-05 0 Dailymotion

<br /> Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions. To shore up a collapsed economy, he announced on Sunday the launch of the “petro” backed by oil reserves.<br />The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat. <br />

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