Venezuela Decrees Petro ‘Cryptocurrency’ as Legal Tender

All transactions involving government institutions in Venezuela must now accept Petro — the first ever state-issued cryptocurrency — as legal tender, according to an official proclamation in the country&#8217;s Official Gazette on April 9. From that date, every such institution has 120 days to comply. All Petro Everything Venezuelan President Nicolás Maduro has ordered all institutions under the government&#8217;s umbrella to accept Petro as legal tender. As reported by Bloomberg, the government of Venezuela has<br />Read More<br />The post Venezuela Decrees Petro &#8216;Cryptocurrency&#8217; as Legal Tender appeared first on Bitcoinist.com.

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