Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’
The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.” The coin was launched in October 2018, and made headlines when its masterminds cla...
The coin was launched in October 2018, and made headlines when its masterminds claimed it was the first state-backed cryptoasset.
The government said that the coin was backed by oil, albeit reserves that had yet to be drilled....
Read More: Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’
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