US Warns Investors over Venezuela’s proposed launch of 100 million ‘petro’ cryptocurrency

The US Treasury Department on 16 January warned that Venezuela’s proposed “petro” cryptocurrency could violate sanctions against the OPEC nation’s socialist government, a statement that could dent investor appetite for the soon-to-be-launched token. Venezuelan President Nicolas Maduro this month said his government will soon issue 100

million petros, backed by an equivalent number of barrels …

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