March 7, 2018

Venezuelan Lawmakers Declare Petro Crypto Illegal

One of Venezuela's two opposing lawmaking bodies has ruled that the country's issuance of a national cryptocurrency is illegal under domestic law.

Announced Tuesday, Venezuela's Asamblea Nacional, a group of politicians largely at odds with President Nicolas Maduro and his policies, declared it believes the petro cryptocurrency is unconstitutional, using harsh rhetoric that denounced the project as not only a fraud, but a threat to potential investors. Read more.


- Venezuela: Petro Cryptocurrency to Be Sold to Private Exchanges - teleSUR
- Venezuela to sell petro cryptocurrency via Dicom forex system - Reuters

- Venezolaanse wetgevers: cryptomunt Petro is ‘illegaal en een act van rebellie’ - Geldpers

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