Financial journalist Max Keiser expressed his support in light of the country's hyperinflation, while economist Jean Paul Leidenz expressed concerns that the creation of the petro would encourage further hyperinflation. The cryptocurrency community's response was mixed yet generally negative. sanctions against Venezuela, because it "would appear to be an extension of credit to the Venezuelan government". This page (LON:MATD) was last updated on by Staff. The official website for the company is The company can be reached via phone at +97611331099. In the United States, the Department of the Treasury warned that participating in Venezuela's proposed initial coin offering for the petro cryptocurrency could violate U.S. Petro Matad's mailing address is Suite 508 Blue Sky Tower Peace Avenue 17, Sukhbaatar District, Isle of Man, 210646, Mongolia. Stay up to date with the latest Petro price movements and forum. In response, Venezuela’s National Assembly, run by the opposition Democratic Unity Roundtable, declared the petro to be an illegal debt issuance by a government desperate for cash, and has said it will not recognize it. Petro (PTR) - BTC - Live Petro prices from all markets and PTR coin market Capitalization. Petros will be "pre-mined", meaning that new tokens cannot be created after the issuance, and are likely to be a token on the Ethereum network. sanctions and accessing international financing. Announced in December 2017, it is claimed to be backed by the country's oil and mineral reserves, and it is intended to supplement Venezuela's plummeting bolívar fuerte currency, purportedly as a means of circumventing U.S. The petro, or petromoneda, launched in February 2018, is a cryptocurrency developed by the government of Venezuela. Ministerio del Poder Popular para la Educación Universitaria, Ciencia y Tecnología
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