Venezuela's largest bank opens up petro cryptocurrency wallet registrations

Lol inflation comes to crypto currencies

This reads more like an attempt by the government to further control it’s people by accessing/controlling all means of exchange, and of course propping up it’s failing bolivar.

"The Brookings Institution stated that “it is relatively unsurprising that a dictatorship with little reserve currency has resorted to a deceitful means like introducing the petro … the petro exists to create foreign currency reserves from thin air”, further explaining that the creation of the petro has tarnished the reputation of cryptocurrencies and that sanctioned countries “might pursue the same fraudulent strategy as Venezuela: create a cryptocurrency tied to a government-controlled asset, raise money in violation of sanctions, and proceed to manipulate that cryptocurrency’s value to maximize profit”

My Godd ! Would you send your money to Venezuela ? - The latest of the universally disastrous attempts at Marxism to destroy it’s people ? People who have lost 30 lbs each on average (not because they want to be healthy)

A place where it is actually ILLEGAL now for a doctor to cite “Malnutition” or “Starvation” as a cause of death on a death certificate !

And they want your money ? to go “crypto”? :heart_eyes:

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