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Category Archives: National Cryptocurrencies

Oil-Backed National Cryptocurrency called Petro to launch in Venezuela

The Venezuelan President, Nicolás Maduro, has given the greenlight for the issuance of the first batch of Petros – no more than 100 million Petro tokens to be exact. Each Petro will be backed by a single barrel of oil.

Be sure to continue to read at the source: CoinTelegraph

Crypto Blood Update: President Maduro of Venezuela Issues First Crypto-Currency Backed Oil Token!

Crypto Blood Update: President Maduro of Venezuela Issues First Crypto-Currency Backed Oil Token!

Source: Crypto Blood

Putin Greenlights Launch of the CryptoRuble

Russian President Vladimir Putin has ordered the issue of a national cryptocurrency, according to Communications Minister Nikolay Nikiforov, after a closed-door meeting. The minister said once the digital currency or CryptoRuble is issued other cryptocurrency mining will be banned and it will be entirely regulated by the government. “I am so confident to declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months,” said Nikiforov.

Be sure to continue to read at the source: Russia Insider