Venezuela to Launch Cryptocurrency To Fight 'Blockade': Maduro
CARACAS (Reuters) - President Nicolas Maduro said on Sunday that Venezuela will launch a cryptocurrency to combat what the leftist leader says is a financial “blockade” against the crisis-hit nation.
Maduro said the OPEC member’s new currency, “petro,” will be backed by natural resources reserves.
Reporting by Alexandra Ulmer; Editing by Mary Milliken
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