Categories: AltcoinsNewsRegulation

‘Petro’ is Illegal Says Venezuelan Lawmakers

The ongoing controversy surrounding the petro, Venezuela’s state-owned cryptocurrency, continues to dominate the landscape of the South American nation. In a continuation of the saga, the Asamblea Nacional, a faction of the divided Venezuelan Legislature, released a statement on March 6, 2018, calling the petro illegal and unconstitutional. Another Avenue for Corruption The content of the statement put forth by the lawmakers contained rhetoric that cast aspersions of the fidelity of the project, calling it a fraudulent move and a significant threat to people who invest in the cryptocurrency. The members of the…

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