16:34 GMT +323 October 2019
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    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

    Venezuelan Digital Coin Presale Fetches $3.3Bln – Maduro

    © REUTERS / Marco Bello
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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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