Venezuela’s Supreme Court of Justice Recognized Petro Cryptocurrency as Legal Tender4.67

Venezuela is determined to become the first Latin American crypto nation, and after several delays, its government finally announced the launch of the Petro as a cryptocurrency created to counteract several of the problems associated with the issuance of traditional fiat money.

As soon as the Petro was announced, the U.S. government began a vigorous campaign against it due to the possibility of bypassing the sanctions unilaterally imposed by this government against the Venezuelan people.

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