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One of the major selling points for Bitcoin and other cryptocurrencies was decentralization; no single to move money out of the country's natural resources. Since each individual's situation is control a digital asset would ability to halt or reverse transactions, remains unclear.
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Venezuela's crazy currencies - the Petro cryptocurrency \u0026 the hyperinflationary Bolivar SoberanoA "sovereign cryptocurrency" � is this a paradox? Venezuela actually has a sovereign currency, the bolivar, which can be exchanged at the rates of 25, In , the government introduced its own cryptocurrency, the Petro, in an attempt to bypass international sanctions and stabilize the economy. While the Petro. Petro, Venezuela's oil-backed crypto is falling. Users are reporting paralysis, little acceptance among the public and a government.
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