//Venezuela: Launch of 'Petro' Cryptocurrency Raised $735 Million

Venezuela: Launch of 'Petro' Cryptocurrency Raised $735 Million



President Nicolas Maduro said Tuesday that Venezuela had received $735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the country out of an economic tailspin. Maduro is hoping the petro will allow the ailing OPEC member to skirt U.S. sanctions as the …

Source: Venezuela: Launch of ‘Petro’ Cryptocurrency Raised 5 Million