Viernes, 19 Enero, 2018


Maduro's Petro Cryptocurrency 'Illegal — Venezuela's Parliament

President Nicolás Maduro held a meeting with the Foreign Minister of Portugal on Tuesday President Nicolás Maduro held a meeting with the Foreign Minister of Portugal on Tuesday
Orlondo Matamoros | Enero 11, 2018, 09:30

During a meeting at the Plaza Bicentenario of the Miraflores Palace (headquarters of the government) with the workers of the health sector that make up the 100 percent Barrio Adentro program, the president condemned the criticism of Omar Barboza, the NA new president on initiatives such as Petro, which seek to overcome the obstacles imposed by the financial blockade of the United States and the economic war.

Major global media are conducting a campaign against Venezuela and its leadership, President Nicolas Maduro said on Monday, as quoted by El Nacional newspaper.

Maduro specified that each unit of the Petro would be pegged to country's oil basket. "A new deception of the regime".

Considering this, the total cryptocurrency would be worth above $5.9 billion. "It is tailor-made for corruption".

For their part, government spokespeople have demanded the opposition leadership leverage its close Washington connections to persuade the Trump administration to lift economic sanctions that have crippled the country's economy through a ban on US banks and financial institutions entering new dealings in Venezuelan debt.

Elected in December 2015, the opposition-held legislature has nonetheless been in contempt of court since it swore-in three lawmakers accused of voter fraud in July 2016, rendering all actions by the body "null and void" in the eyes of the Supreme Court.

"An enormous wave broke the boat in two - in fact it was carrying too many passengers", said the family member, who asked not to be identified. Maduro indicated that the cryptocurrency would serve as a payment tool for foreign suppliers and could solve payment delays that have been occurring since sanctions were imposed. In a country bursting with lucrative natural resources, the poverty level continues to rise. Not really selling points for investors. However, the U.S. Security and Exchanges Commission has been increasingly tracking digital currencies, classing some tokens as securities, thus making them subject to oversight.

The SEC filing, posted at the time of the sale announcement, does not specify that unpaid amount. Other companies hightailing it out of Venezuela include airlines, General Motors, Bridgestone and the consumer goods makers Colgate and Kimberly Clark.