After the blockchain-based Crypto Petro Dollar, the Venezuelan government probably has a new idea to get foreign currency into the country. It wants to set up and build up a central bank for cryptocurrencies. Another crazy idea or does the idea have potential?
For more details read
this article on CCN.
The government of Venezuela is really desperate, that is what that news is really telling me, they have lost control of their economy and their country which was once beautiful and gorgeous and like always inept politicians have transformed a country with incredible natural resources in a wasteland, it is a shame but let it be a reminder that the capitalist system that so many like to ridicule is the only one that works, it is not perfect and it has flaws as well but it is what we have.