What you guys think about this? What your opinion on Venezuela launching a Oil backed cryptocurrency?
Should more governments follow try this method?
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Well they try to raise money and avoid economic sanctions, would be nice if it was equivalent of owning part of their oil with dividend on sales.
Cand find much details about it yet except it's a ETH smart contract.
Will see...
We will see.. How transparent it will be too
i do believe it a high time they rebooted their country all this sanctions that have been imposed by the US government are really killing their people.