The Bank of Venezuela Got Orders To Use Petro Cryptocurrency
The Bank of Venezuela, Banco de Venezuela Got Orders from Venezuela’s President Nicolas Maduro in order to use Petro Cryptocurrency reported on 4 July 2019.
According to the report, President Maduro ordered “the express order to open Petro desks in all the branches of the Bank of Venezuela.” This declaration usually came during an event of the 10th-anniversary celebration of the nationalization of the bank in question.
This announcement is reported by the country’s Finance Ministry tweet on 3 July.
At January end, Venezuela passes the crypto bill by which Cryptocurrency become fully legal in the country Venezuela’s Superintendency of Crypto Assets Ramirez Joselit confirmed it
After the regulation of cryptocurrency in Venezuela, trading volume increased to achieve its all-time high of 2485 BTC in volume on LocalBitcoins peer to peer trading exchange.
