Venezuela is getting ready to pre-mine
its cryptocurrency for an official release six weeks from now, just one day
after the country’s National Assembly declared the Petro illegal. The Petro
will not be privately minable in its early stages. Instead, the government will
fully control its origination and distribution, according to Carlos Vargas, the
Venezuelan Superintendent of Cryptocurrencies and Related Activities. “In a
period of a month and a half, the sale of the petro cryptocurrency will take
place” and interested parties will form their digital wallets, the
superintendent said. More…
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