Venezuela shuts down state cryptocurrency

Venezuela has shut down its state cryptocurrency, the petro, which had been mired in varied corruption scandals.

Agence France-Presse (AFP) reported that Patria, the one platform on which the foreign money could possibly be traded, had displayed a message saying it could be closing on January 15. As of immediately (January 22), Patria’s web site is not working. 

The authorities had initially hailed the petro as offering a method out of Venezuela’s financial disaster. The nation, which has extra oil reserves than

Copyright Infopro Digital Restricted. All rights reserved.

It’s possible you’ll share this content material utilizing our article instruments. As outlined in our phrases and circumstances, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised Consumer could solely make one copy of the supplies for their very own private use. You could additionally adjust to the restrictions in clause 2.5.

If you want to buy extra rights please e-mail info@centralbanking.com