Maduro to pitch oil-backed cryptocurrency petro to OPEC

Nicolas Maduro has proposed an oil-backed “joint cryptocurrency mechanism” within OPEC to support Venezuela’s new, state-backed virtual currency – the “petro”. The Venezuelan president is expected to encourage members and non-member states of the Organization of the Petroleum Exporting Countries (OPEC) to back the cryptocurrency, Venezuelan state radio reported on Tuesday. “I am going to [...]

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