CoinDesk | Venezuelan President Announces 'Petro' Oil-Backed Cryptocurrency CoinDesk Venezuelan president Nicolas Maduro has announced a new cryptocurrency amid an economic crisis and a plunge in the value of the bolivar, the country's national currency. According to Reuters, Maduro made the announcement during a Christmas television ... Venezuela is launching a cryptocurrency backed by oil, gas, gold and diamonds Enter the 'petro': Venezuela to launch oil-backed cryptocurrency Facing Hyperinflation, Venezuela to Issue Oil-Backed Cryptocurrency |