The new record in the digital turnover was reached by the Venezuelan cryptocurrency El Petro – almost three and a half trillion Venezuelan bolivar. Statistics bringed by the portal coin.dance. The law passed by the Venezuelan parliament, which requires all state institutions to accept the state’s cryptocurrency, has made El Petro as legal means of payments in numerous sectors of the Venezuelan economy. President of Venezuela Nicolás Maduro seeks to increase oil production by authorizing the Minister of Oil to “create, annul or modify” contracts for the state-owned energy company (PDVSA).
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