The Venezuelan government is ending the national cryptocurrency application, which has been the subject of controversy since day one.
It was launched by Venezuelan President Nicolas Maduro in 2018 to support the country’s currency, the bolivar. Petro (PTR) It was reported that the cryptocurrency program called will be completed.
Petro, backed by the country’s oil reserves, has been a subject of controversy since day one. Council members say Petro’s development illegal He argued that it was.
The Venezuelan government has made various initiatives to expand the use of the Petro. In this direction obtaining a passport For some services, such as payments were required to be made in Petro.
It is reported that all wallets on Patria, the only platform where Petro can be bought and sold, will be closed.
With the termination of the cryptocurrency application, all Petros that will remain in circulation conversion to bolivar Waiting.