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Venezuela halting Petro crypto amid scandals and setbacks

Posted on 01/16/2024

Venezuela halting Petro crypto amid scandals and setbacks

Venezuela officially halts Petro crypto after six years, converting assets to bolivar. Petro faced scepticism and limited adoption. Corruption scandal and crackdown on Bitcoin mining contributed to Petro’s downfall. Venezuela is officially discontinuing its controversial Petro cryptocurrency, a project initiated by President Nicolas Maduro six years ago to counter US sanctions. Despite initial ambitions, the […]

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