Research

🇻🇪 Venezuela orders banks to adopt the Petro cryptocurrency

Messari

Aug 29, 2018 ⋅  1 min read

Venezuelan President Nicolas Maduro ordered banks to adopt the Petro cryptocurrency as a unit of account Monday, as the country struggles to emerge from a severe political and economic crisis. Public and private banks must now reflect all financial information in bolivars and Petros, according to a resolution of the Sudeban banking regulator.

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