RSS

Venezuela’s new bitcoin: an ingenious plan or worthless cryptocurrency?

25 Mar

Is Venezuela’s new cryptocurrency an ingenious plan to evade U.S. sanctions? Or will it turn out to be a South American shitcoin?

That is the question facing Venezuela as it prepares for the pre-sale of its new bitcoin-like digital currency called the petro.

The launch on Tuesday comes amid a deep economic crisis and a crackdown on democratic freedoms that have left President Nicolás Maduro’s socialist government politically isolated and cut off from most international financing.

https://www.theguardian.com/world/2018/feb/19/venezuelas-new-bitcoin-n-ingenious-plan-or-worthless-cryptocurrency

Advertisements
 
Leave a comment

Posted by on March 25, 2018 in South America

 

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: