Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Venezuelan President signs petro cryptocurrency whitepaper, pre-sale starts February 20

Despite Venezuelan parliament declaring Petro cryptocurrency as illegal, President Nicolas Maduro is marching ahead to launch the cryptocurrency.

Bitcoin.com reported that Maduro has announced the pre-sale of petro and has presented and signed petro’s whitepaper.


According to the official government website, the pre-sale will kick-off on February 20, 2018. Maduro made the announcement at the meeting of the council of ministers on Tuesday. He said:

“We have reached the future. Venezuela advances as an economic power,” adding that the petro pre-sale will be “through ERC20 tokens.” “Venezuela is at the forefront of the world, and we are going to accelerate permanently the start-up of the cryptocurrency, the petro,”Maduro said.

In addition, Maduro also signed petro’s whitepaper which describes “the functions, vision, and conditions” of the cryptocurrency.


Furthermore, he also revealed his plans to “accelerate the entry into the operation of el petro cryptocurrency and mining farms through the Petro Container.”

He said, “All the savings banks in the country can have their mining farms and participate in el petro.”


Maduro recently said that through the Superintendence of the Cryptocurrency, the government will also create mining farms in all the universities of the country.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

August 21 07:00 UTC Released

MYReserves

Actual

104.2 0

Forecast

Previous

104.5 0

August 21 06:00 UTC Released

CHTrade

Actual

2255 Mln CH

Forecast

Previous

2591 Mln CH

January 31 00:00 UTC 291354291354m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 291354291354m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 303174303174m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 291354291354m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 303174303174m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 291354291354m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 291354291354m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 291354291354m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.