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Bolivar transactions on LocalBitcoins are the largest by value among cryptocurrency or blockchain, but indirectly Global Crypto Adoption Index, largely due to the high volume.
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Any remaining petros are being converted to bolivars, the ailing local currency, according to one. Amitoj Singh is a CoinDesk reporter. The Venezuelan government could not be reached for comment. CoinDesk operates as an independent subsidiary, and an editorial committee, usecookiesand do not sell my personal is being formed to support. Follow amitoj on Twitter. Bullish group is majority owned by Block.
Edited by Parikshit Mishra. Disclosure Please note that our policyterms of usecookiesand do not sell my personal information has been updated.
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Venezuela�s Cryptocurrency Catastrophe: How It Went So WrongVenezuela's cryto coin experiment, Petro, has come to an end just fiver years after launch, killed by corruption and mismanagement. Venezuela will scrap the Petro today, the country's official cryptocurrency. President Nicolas Maduro launched the oil-backed cryptocurrency. Venezuela's Petro cryptocurrency, introduced to bypass US sanctions, is shutting down, marking its failure to gain widespread adoption.
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