Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’

The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.”
The coin was launched in October 2018, and made headlines when its masterminds claimed it was the first state-backed cryptoasset.
The government said that the coin was backed by oil, albeit reserves that had yet to be drilled….
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