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Venezuelan President Nicolas Maduro announces that Venezuela will sell its oil and a portion of its gold for the national petro cryptocurrency. Despite experts' skepticism, Maduro claims the successful integration of the cryptocurrency into daily life. The petro was launched in 2017, with its value tied to the price of a barrel of oil. Economic turmoil has led many Venezuelans to flee the country, with cryptocurrencies like Bitcoin and Dash gaining popularity. The petro is seen by some as an attempt to circumvent US sanctions.
Friday, 3 January, 2020