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The petro - Venezuela's government-issued cryptocurrency - launches today
Venezuela's government will launch the first sale of its commodity-linked cryptocurrency, the petro, on Tuesday. The cryptocurrency, first mooted in December, will be backed by oil, gas, gold and diamond reserves in the economically stricken Latin American nation. Tuesday's launch comes in the form of a pre-sale, where potential buyers can sign up to get the petro when it officially launches. The token will attract investment from Turkey, Qatar, the United States and Europe, the country's cryptocurrency regulator, Carlos Vargas, told reporters last week. Venezuela will issue around 100 million petros, equivalent to ... (full story)
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Beware of robber banks (RB), bad advisors.
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