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RE: Venezuela Petro Cryptocurrency To Be Launched Within Days, President Maduro Announces

in #blockchain7 years ago

I'd have a lot of questions for this crypto. Is it decentralized or controlled by the Venezuelan government? Is there a strict upper limit on mining? Does it attach KYC and AML? If the answer to this is yes, then we just have a new banker. If they continue to keep bitcoin mining illegal in Venezuela, it's pretty clear that this is not a "freedom" coin, but travels down the road to a digital panopticon.