The website through which a so-called pre-sale of the Petro digital token began Tuesday is only taking U.S. dollars and euros, and rival coins Bitcoin and Ether. The offering ends March 19. President Nicolas Maduro says the cryptocurrency will be backed by Venezuela’s oil reserves.

    Venezuela forbids its citizens from buying foreign currency. The restrictions mean that not accepting bolivars in the Petro pre-sale effectively shuts out residents in the country. The sale is a last-ditch attempt to raise funds since sanctions stemming from Venezuela’s debt default hamper the nation’s ability to issue traditional securities.



mk:

Typical scammy ICO. They probably list Vitalik as an advisor too.


posted by kleinbl00: 230 days ago