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Venezuelan Digital Coin Presale Fetches $3.3Bln – Maduro

© REUTERS / Marco BelloThe Venezuelan cryptocurrency "Petro" logo is seen as Venezuela's President Nicolas Maduro speaks during a meeting with the ministers responsible for the economic sector at Miraflores Palace in Caracas, Venezuela March 22, 2018
The Venezuelan cryptocurrency Petro logo is seen as Venezuela's President Nicolas Maduro speaks during a meeting with the ministers responsible for the economic sector at Miraflores Palace in Caracas, Venezuela March 22, 2018 - Sputnik International
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MEXICO CITY (Sputnik) - A presale of Venezuela's state-backed virtual coin called petro has raked in $3.3 billion, President Nicolas Maduro said.

Maduro said in a statement on Thursday the proceeds would be transferred to the central bank to be auctioned off via foreign exchange platform DICOM, according to the AVN news agency.

The cash-strapped South American nation launched the presale of its oil-backed cryptocurrency on February 20. Maduro plans that the central bank will exchange petro tokens for gold.

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