Venezuela to back cryptocurrency launch with 5.3bn barrels worth oil

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Venezuela to back cryptocurrency launch with 5.3bn barrels worth oil

OpeOluwani Akintayo with Agency Report 30 December 2017, Sweetcrude, Lagos — The government of Venezuelan has announced that its cryptocurrency to be launched in few days time, will be backed by 5.3 billion barrels of oil worth $267 billion. According to a report published by CNBC, the move is to pay off its debts caused …

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