Home / Tech News / Venezuela’s "petro" cryptocurrency is a joke that uses blockchain to hide debt for the government, while giving nothing in return,…

Venezuela’s "petro" cryptocurrency is a joke that uses blockchain to hide debt for the government, while giving nothing in return,…

Matt Levine / Bloomberg : Venezuela’s “petro” cryptocurrency is a joke that uses blockchain to hide debt for the government, while giving nothing in return, especially to Venezuelans   —  The petro is just a way to hide new international debt behind crypto mumbo-jumbo.  —  This post originally appeared in Money Stuff.

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Venezuela’s "petro" cryptocurrency is a joke that uses blockchain to hide debt for the government, while giving nothing in return,…

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