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Venezuela’s president Nicolás Maduro has announced the pre-sale of his country’s national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro’s whitepaper and unveiled the Petro Container for mining the new currency.
During the meeting of the council of ministers on Tuesday, Maduro announced that the pre-sale of Venezuela’s national cryptocurrency, the petro, will begin on February 20
"We have reached the future. Venezuela advances as an economic power,” the president remarked, specifying that the petro pre-sale will be “through ERC20 tokens.” He further asserted:
"Venezuela is at the forefront of the world, and we are going to accelerate permanently the start-up of the cryptocurrency, the petro"