Nicolas Maduro, President of Venezuela, will officially propose jointly develop a single mechanism for issuing cryptocurrencies secured by crude oil to OPEC members and other countries engaged in oil production. The head of Venezuela said this after the meeting in Caracas with the Secretary-General of OPEC, Mohammed Barkindo. During the ICO, which starts in March, it is planned to sell 44 million coins. As a payment, only 'solid' fiat or virtual currencies will be accepted. El Petro will be provided with five billion barrels of oil from the certified field No.1 Ayacucho.
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