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Venezuela launches oil cryptocurrency

BBC News Tuesday, 20 February 2018
Venezuela launches oil cryptocurrencyThe "Petro" is intended to help country's crumbling economy evade tough US sanctions.
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News video: Venezuela Issues New Cryptocurrency In An Attempt To Circumvent Sanctions

▶ Venezuela Issues New Cryptocurrency In An Attempt To Circumvent Sanctions 00:53

According to a report by Business Insider, on Tuesday, Venezuela's government will launch the first sale of its new cryptocurrency, the petro, backed by oil, gas, gold, and diamond reserves in the economically stricken South American nation. The country's cryptocurrency regulator, Carlos Vargas, told...

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