Venezuela has reportedly made the first state-backed cryptocurrency, the petro, available to the public. Crypto investors should just say no.
For one thing, Venezuelan President Nicolas Maduro blatantly advertises this new crypto token as a tool to circumvent economic sanctions, levied due to his government's massive corruption and human rights abuses.
The opacity and confusion surrounding the petro project exemplifies the tumultuous and nefarious political climate in Venezuela.
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