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?
Seems like a good move by Venezuela not only for the good of the country but also for the good of it's own people and economy. I do hope that countries will be having like that move too. Not just restricting or banning cryptocurrency as a whole but has to allow investors and enthusiasts to trade globally for a much better result. Kudos to the Venezuelan government as they can now choose from that 16 local cryptocurrency exchanges with their own Petro coin.