Hi everyone!
It seems that the excitement about the first crypto backed by a commodity did not last long.
In less than a month since the initial announcement of its launch, the first serious issues have started showing up :
https://news.bitcoin.com/venezuelas-oil-backed-cryptocurrency-declared-illegal/
Cheers everyone!
It seems that they are determined to continue no matter what :
https://news.bitcoin.com/venezuela-pre-mine-petro-launch/
And they keep going!!!!
Lets see how this whole thing turns out.
https://www.ccn.com/petro-discount-venezuela-is-luring-qatar-to-invest-in-state-cryptocurrency/