Venezuela aims for crypto alchemy with new ‘petro gold' token
Maduro is hoping cryptocurrencies will help Venezuela skirt U.S. financial sanctions as it struggles under hyperinflation and a collapsing socialist economy.
Phi Beta Iota: Sanctions are going to die in next decade. Ecuador particularly and UNASUR generally, should be looking at three things: nationalizing all central banks; expelling all foreign and absentee land owners; and creating a crypto-currency at the same time that they leave the SWIFT system. All IMF and WB officials should be declared Personna Non Grata.
