April 27, 2018

Maduro says Venezuela to get $1 bn injection from 'bitcoin' sale

Venezuela's government, which is facing a worsening liquidity crisis, is to release $1 billion into the economy obtained through the sale of the petro, its new cryptocurrency, said President Nicolas Maduro.

Speaking late on Thursday, he said the aim was to boost the country's international reserves and its foreign currency reserves and to halt the rise of the black market dollar. Read more.

Phys.org

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