Venezuela's "petro" cryptocurrency outlawed by congress

ReutersNewsPublished: January 10, 2018
Published: January 10, 2018

Venezuela's opposition-run parliament has outlawed a "petro" cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country's oil reserves. As Ivor Bennett reports, the news comes as unrest grows in a once-booming industrial city plagued with food shortages and a malaria outbreak.

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