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Crypto currency launched by venezuela in 2022

Crypto currency launched by venezuela in 2022

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Not much is known about the Venezuelan government did not by choice rather out of. Bullish group is majority owned made in PTR.

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Venezuela�s Cryptocurrency Catastrophe: How It Went So Wrong
Cryptocurrencies like Bitcoin (BTC) provide a haven for citizens looking to preserve their wealth amid the country's economic challenges. Many Venezuelans turn. Venezuela is discontinuing the petro cryptocurrency, launched six years ago by President Nicolas Maduro to bypass US sanctions. Venezuela's cryto coin experiment, Petro, has come to an end just fiver years after launch, killed by corruption and mismanagement.

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calendar_month 17.08.2023

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calendar_month 17.08.2023

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calendar_month 18.08.2023

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calendar_month 21.08.2023

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calendar_month 25.08.2023

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It also established a cryptocurrency government advisory group called VIBE to act as "an institutional, political and legal base" from which to launch the petro. Traffic fines were handed out in petros, but it was not possible to actually pay them using the cryptocurrency. Retrieved 22 March Nasdaq Futures. However, it faced criticism as citizens struggled to comprehend its usage, earning labels like "scam" from certain risk rating bodies.