Venezuela’s Maduro encourages residents to mine cryptocurrency
In Venezuela, people are being called upon to build cryptocurrency mining farms throughout the country.
In Venezuela, people are being called upon to build cryptocurrency mining farms throughout the country.
Venezuelan politicians lock horns on whether the petro violates the Constitution.
The country, home to just 70,000 people, is poised to become the second country after Venezuela to launch a state-backed cryptocurrency.
A total of 82.4 million petro tokens are offered for the pre-sale phase, according to the cryptocurrency's white paper.
Questions were raised about the actions of Venezuela in preparing to launch a cryptocurrency backed by the country’s oil resources.
The petro will go on presale as early as next month, says Venezuelan President Nicolas Maduro.