Petro cryptocurrency discontinued in Venezuela following legal troubles

13/01/2024 18:04

The government of Venezuela has terminated its national cryptocurrency, the Petro (PTR), effective January 15, according to media reports. Launched in 2018, the Petro was introduced as a mechanism to circumvent U.S. sanctions, but it struggled to gain traction both domestically and internationally. The Petro, backed by Venezuela’s oil reserves and initially priced at $60 […] source: https://www.cryptopolitan.com/petro-cryptocurrency-discontinued-venezuela/

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Petro cryptocurrency discontinued in Venezuela following legal troubles

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