CNBC | Venezuela's oil-backed cryptocurrency more likely to be ruled 'illegitimate' than succeed, economist says CNBC Venezuela launches a new oil-backed digital currency Tuesday, in a move the government hopes will help pull the country out of a deepening economic crisis. The launch of the bitcoin-esque cryptocurrency, called the petro, is viewed by many onlookers as ... Petro: Can Venezuela's oil-backed cryptocurrency save its economy? |