Post
Topic
Board Bitcoin Discussion
Re: IS BITCOIN AFFECTED BY VENEZUELLA LICENCE TO EXCHANGES?
by
penig
on 30/04/2018, 08:24:51 UTC
Venezuella's state run Petro will have no impact on Bitcoin as its just a way for the government to issue fiat, backed by oil reserves instead of its defunct local currency. It'll be used for them to trade oil in exchange for other goods, bypassing sanctions, if oil consumers want to accept it. Nothing really to do with crypto world except they used a crypto currency to build it on, really its just oil futures.