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“Today, a cryptocurrency is being born that can take on Superman,” said Venezuelan President Nicolas however The U.S. Treasury warned that the ICO could violate sanctions, a statement that could dent investor appetite for the token.
The pre-sale of the “petro,” which will represent a barrel of crude from a specific division in the country’s Orinoco oil belt, started Tuesday morning. Investors were offered $60 “tokens” at discounted rates that they can exchange for petros during what is being dubbed an “initial coin offering,” or ICO, in March.
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