Post
Topic
Board Economics
Re: Venezuela moves to issues "petro" crypto
by
giffen
on 25/04/2018, 08:20:58 UTC
I have been monitoring Venezuelan el Petro since the start of the year.

From the latest news I saw the National Assembly approved the currency at last.
https://news.bitcoin.com/venezuela-approves-decree-use-cryptocurrencies/

Also there were reports that the government issued a decree stating that all government bodies and state companies should prepare to accept el Petro as legal tender in 4 months:
https://www.bloomberg.com/news/articles/2018-04-12/venezuela-says-government-bodies-must-soon-accept-cryptocurrency

Can somebody comment on the situation?
Also I am still unable to find any information on the exact volume of foreign currency the country managed to attract during ICO - the data I found were misleading.

If there are any people from Venezuela here:what is really happening with this currency? Can there be seen any signs of preparations for transactions in Petro inside Venezuela?