We recently learned data from Venezuela, where the government introduced cryptocurrency Petro to protect the wages and savings of its countrymen against inflation at an alarmingly fasting of traditional currency.

The Venezuelan oil and gas company Petroleos de Venezuela SA (PSDV), wholly dependent on the state, wants to bypass international sanctions that impede its sale of crude oil. How? Settling transactions in cryptocurrencies.

At the end of November last year, the controversial Act of Nicolas Maduro concerning the state cryptocurrency Petro became a loud topic. The law proposed by the country leader officially comes into force today. This decree [...]