President Nicholas Maduro ordered the issuance of the Venezuela's national cryptocurrency. Whitepaper to be released on January 14. What do you think about this? How will it impact on the cryptocurrency world?
It's an interesting move, should they follow through. It's definitely going to be centrally issued, the other question on my mind is whether this is going to be a public or a private blockchain.
If they make it a public blockchain and Petro gets traded alongside other alts... things could get really messy for Venezuela, because they will make themselves a prime target for market manipulation -- or actively take part in it themselves. Either way it will be interesting to see what happens, but right now I think this move will be merely a footnote in the history of crypto.