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Venezuela's "petro" cryptocurrency outlawed by congress

Wednesday, January 10, 2018 - 01:55

Venezuela's opposition-run parliament has outlawed a ''petro'' cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country's oil reserves. As Ivor Bennett reports, the news comes as unrest grows in a once-booming industrial city plagued with food shortages and a malaria outbreak.

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Venezuela's opposition-run parliament has outlawed a "petro" cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country's oil reserves. As Ivor Bennett reports, the news comes as unrest grows in a once-booming industrial city plagued with food shortages and a malaria outbreak.

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Venezuela's "petro" cryptocurrency outlawed by congress

Wednesday, January 10, 2018 - 01:55