When one Bitcoin scam isn't enough, go for two! Chavismo doubles down on the fraud
Venezuela to Launch 2nd Cryptocurrency, the 'Petro-Gold' Backed by Country's Gold Reserves
Published 22 February 2018
The new cryptocurrency, the Petro Gold, will be backed by gold and other precious metals.
After launching the oil-backed cryptocurrency Petro earlier this week, the Venezuelan government is now preparing a new digital currency called the Petro Gold or 'Petro Oro.'
Gold and other precious metals will back the new cryptocurrency.
“Next week I'm going to launch the Petro gold, backed by gold, which is even more powerful, to strengthen the Petro,” Venezuelan President Nicolas Maduro said in a televised speech on Wednesday night.
On Tuesday, he announced that US $735 million was raised during the pre-sale of the Petro.**
While the United States Treasury Department has warned that Venezuelan cryptocurrencies could violate sanctions and thus create legal risk for U.S. investors, several firms and investors from Brazil, Poland, Denmark, Honduras, Norway and the Middle East have said they are open to receiving Petro as payments for goods or investing in the currency.
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https://www.telesurtv.net/english/news/Venezuela-to-Launch-2nd-Cryptocurrency-the-Petro-Gold-Backed-by-Countrys-Gold-Reserves-20180222-0009.html
(TeleSewer is a propaganda mouthpiece for all things Chavismo)
**Maduro didn't offer any proof of this claim... much the same way Kim Il Sung didn't offer any proof that North Korea beat the United States by putting an astronaut on the moon in 1969.
