Venezuela To Pre-Mine Petro For Release In 6-Weeks

Venezuela is getting ready to pre-mine its cryptocurrency for an official release six weeks from now, just one day after the country’s National Assembly declared the Petro illegal. The Petro will not be privately minable in its early stages. Instead, the government will fully control its origination and distribution, according to Carlos Vargas, the Venezuelan Superintendent of Cryptocurrencies and Related Activities. “In a period of a month and a half, the sale of the petro cryptocurrency will take place” and interested parties…

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