The Venezuelan government has published a decree outlining the operation of Venezuela’s national cryptocurrency, the Petro. It details the government’s plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil.
Good for them. I am not sure of the situation for the average person there. Here in the US, you only get the a censored version of the world news. But the way the greedy corporations and the US govt want that oil, gold and gas, I truly hope it helps them.