Controversial may be the best word to describe Venezuela’s national cryptocurrency’s journey so far. The Petro was launched in late February by the South American country, and according to its whitepaper, every Petro token represents a barrel of crude oil in the oil-rich nation. The Petro has now received the Satoshi Nakamoto Prize in recognition of its “outstanding contribution to the development of the blockchain industry”. The award was given by the Russian Association of Cryptocurrency and Blockchain (RACIB) in a ceremony held at Moscow’s World Trade Center. Adding To The Controversy The award has heightened the controversial association between the Russian governmentPowered by WPeMatico
