January 23, 2021

Venezuelan diplomat defends viability of Petro cryptocurrency

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By Youri Kemp From Caribbean News Now CARACAS, Venezuela — Venezuelan charge d’affaires in Barbados, Alvaro Sanchez Cordero, has responded directly to a Caribbean News Now report on the viability and efficacy of the Venezuelan, oil backed, cryptocurrency, the “Petro”, launched in February. “Don’t hold your breath. The bottom line is that the Petro is […]

Reuters special report challenges viability of Venezuelan cryptocurrency

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By Youri Kemp From Caribbean News Now CARACAS, Venezuela — A special report by Reuters news agency on August 30, 2018, said the Venezuelan cryptocurrency, the Petro, announced by the government in December 2017 and launched in February 2018 by embattled president, Nicholas Maduro, has no evidence of viability or of it being established in […]