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Venezuela to create new 'petro' cryptocurrency

Venezuela is creating a new cryptocurrency called "petro" in the last attempt to cope with the country's failing economy. President Nicolás Maduro revealed his "petro" plan on his weekly TV program. "Venezuela will create a petromoneda cryptocurrency to advance the matter of monetary sovereignty." Nicolás Maduro Maduro said the cryptocurrency intends to help the social and economic development of the country.

Source: Inform News

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