Banks Ordered to Adopt Crypto in Venezuela

Petro Currency Adoption

As an effort in combating the country’s severe political and economic crisis, the Venezuelan President, Nicolas Maduro has ordered the country’s local banks to adopt Petro currency as a legal unit.  Nearly two million people have fled abroad to escape the crisis. The public and private banks are required to reflect all their financial information in bolivars and Petro.

Leave a Reply

Your email address will not be published. Required fields are marked *