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In a daring attempt to boost Venezuela’s economy, the country’s president Nicolas Maduro has announced the introduction of a new cryptocurrency which will be backed-up by Venezuela’s oil reserves. The currency, which is imaginatively called ‘petro’, was announced by the left-leaning leader on Sunday with an emphatic statement of “the 21st century has arrived.” Critics … Continue reading Introducing ‘petro’ – A new oil-backed cryptocurrency being launched by Venezuela

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