Venezuela: Maduro launches world’s first sovereign cryptocurrency

Venezuelan President Nicolas Maduro launched Petro, the world’s first sovereign cryptocurrency, at a press conference in Caracas on Monday. “Today, a child is born. The happy child: Petro. The cryptocurrency,” he told developers, investors and fellow ministers at an unveiling ceremony in the Palacio de Miraflores. A total of 100 million Petro tokens will be available during the initial coin... Еще offering (ICO). The price is set at $60 (€48.60) per token, roughly the current value of a barrel of crude oil. It is hoped that the currency will help bypass sanctions imposed by the US and attract billions of dollars — or rather Petros — of foreign investment.

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