06:27 GMT +321 May 2018
Listen Live
    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
    Business
    Get short URL
    2220

    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.

    Related:

    Russia, Venezuela Mull Using Petro Cryptocurrency in International Transactions
    Venezuela’s Cryptocurrency Petro Sales Start Announced by Maduro
    Tags:
    cryptocurrency, Petro, Venezuela
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment