The boss of Venezuela, Nicolas Maduro, has announced the end of the pre-sale for the Petro, the country’s “cryptocurrency”. He has also approved 16 crypto exchanges he hopes will start inventory his country’s new currency.
16 Crypto Exchanges Certified
According to Venezuelan journal with supervision subsidy Correo del Orinoco, Maduro has “authorized the acceptance of 16 sell houses for cryptocurrencies,” which will promote Petro exchange in the general market. Maduro was quoted observant during the coronation of Venezuela Power Expo 2018 in Caracas:
The acceptance of these 16 exchanges is a proof of certainty in the system of the Petro, as a cryptocurrency, and will concede liquidity and plain transactional volume.
The news follows the proclamation of Venezuela’s vital crackdown on crypto exchanges and remittance businesses dubbed Operation Paper Hands.
The approved 16 exchanges are “Criptoexchainge, Criptocapital, Asesoría Financiaera CA, Italcambio, Amberes Coin, Cave Blockchainge, Valoratta Casa de Bolsa, Coinsecure.ve, Critiaechainge, Criptolago, Criptoventraige CA, Criptoactivo Menets CA, Criptoactivo Bancar CA, Criptomundo Casa de Intercambio CA, Inversiones Financieras 1444 CA, [and] Criptoactivo Criptoes,” the announcement detailed. However, there is no acknowledgment that any of them have concluded to list the Petro at the time of this writing.
India’s Coinsecure is on the list of exchanges approved by Venezuela. CEO Mohit Kalra pronounced that “Venezuela wanted to supplement Petro as a cryptocurrency on Coinseure, so they can trade Petro opposite bitcoin and the rupee,” Business Standard reported on Saturday.
Venezuela has reportedly offering India a 30% bonus on wanton oil purchases if India uses the Petro, the news opening combined and quoted Kalra saying:
The offer that they have given to the Indian supervision is: you buy Petro and we will give you a 30 percent discount.
Maduro Claims $3.3 Billion Raised So Far
Maduro announced on Thursday the central shutting of the Petro presale. He claimed that “To date, the pre-sale of El Petro has performed 3.338 billion dollars,” elaborating:
I have to news on the shutting of El Petro’s first pre-sale. We sealed with an volume of $3.338 billion. An mercantile miracle. Boot The Petro!
During his speech, Maduro hold up a display display that the Petro has lifted the homogeneous of 2.744 billion euros, 208.337 billion rubles, and 21.118 billion yuan.
Furthermore, the boss betrothed that he will continue compelling the new currency. In further to announcing that fuel will be sole to all inhabitant and general airlines for Petro, he announced that he has sealed the paperwork “to emanate an Industrial and Economic Investment Fund in Petro and we have already contributed, for now 8.5 million Petro homogeneous of $510 million for credit loans.”
UPDATE: Quotes and numbers in Spanish have been updated with English format.
What do you think of Maduro’s plan for the Petro? Do you think the exchanges will list the Petro? Let us know in the comments territory below.
Images pleasantness of Shutterstock, Coinsecure, and the Venezuelan government.
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