Petro …

If you have been following our blogs also on our partners law firm site Cruzlaw LLP then you will have read recently of the “Petro” the Venezuelan crypto currency aligned to it’s oil reserves, notwithstanding the Venezuelan government’s right or not to do so. As we mentioned the currency apparently did well in it’s pre-sale, so well in fact to the reported tune of $735 million dollars. Now President Maduro is fired up enough to try another idea. This time allying the ICO to the country’s gold. Currently they have the 16th largest gold reserves in the world and the “Petro – Oro” has been announced though without full details as of yet. We will keep you posted as to what and where you can get your Venezuelan crypto currency.