Venezuelan President Nicolas Maduro has reportedly approved the registration of 16 cryptocurrency exchanges in the country, months after introducing regulations for the emerging space.
Maduro hopes that these exchanges will start listing Petro soon, but none of them did confirm the inclusion.
https://www.financemagnates.com/cryptocurrency/news/16-cryptocurrency-exchanges-get-approval-launch-venezuelaWhat implications can this step have on Venezuelan economy being the economy with highest inflation rate and simultaneously what does this mean to cryptocurrency world wide?
This President move is something has to do with their own created coin Petro in which it will make the coin become more popular and power up the coins so that it may attract more investors to pour their capital to this coins because it will be listed on 16 exchanges for sure as a favor of making these exchanges to operate legally in the country. I believed Cryto currencies will help to improve the economy of this nations and save from controversies if ever these exchanges will agree to the inclusion of the Petro coin to their market.