Venezuela’s Petro cryptocurrency has made a lot of media headlines over the past few weeks. For now, it still remains unclear how well this project will fare, especially because the country’s Senate has no plans to approve it. It seems the US Treasury Department is warning investors regarding the new cryptocurrency. It is possible that this form of money violates sanctions against the OPEC nation’s socialist government. The Petro Can’t Catch a Break On paper, the Petro cryptocurrency sounds absolutely legitimate. It is a currency controlled by a central entity and it is backed by the country’s vast oil reserves. TherePowered by WPeMatico
