Beware of robber banks (RB), bad advisors. 

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Sanction-hit Venezuela started the pre-sale of its oil backed cryptocurrency Petro on Feb. 20. Just a day later, President Nicolas Maduro’s twitter handle reported raising $735 million. The Venezuelan government plans to raise a total of $6 billion through the sale of 100 Million Petros. Iran, which is also facing US sanctions is also considering developing its own cryptocurrency. If these nations successfully bypass the effects of sanctions using cryptocurrencies, this might lead to some strong steps by the regulators in the developed nations led by the US. Despite this and a few other small issues that can be ... (full story)