- The claims made by President Maduro been termed as outrageous and without any proof.
- The Petro token continues to attract growing criticism from opposing lawmakers.
The Petro token placed Venezuela in the limelight of being the first nation to adopt a national cryptocurrency. However, the whole project has been critiqued due to the conditions in which Nicholas Maduro, the President launched the digital coin. Some opposition lawmakers have lashed at the project calling it illegal read more here.
Recently, claims made by the President said that the government of Venezuela raised $5 billion in the presale stage of the coin. In addition to that, the president mentioned that there were 186,000 certifies purchased of the Petro cryptocurrency. The president made these claims in a meeting of the United Socialist Party of Venezuela (PSUV). The President said that the money raised would be used, “to buy everything our country needs, it is part of the economic solutions.”
Other officials have also come out to make more claims. For instance, Venezuela’s crypto superintendent, Carlos Vargas made claims that there were over 83,000 people from 127 countries who attempted to buy the token. There were 3,523 entrepreneurs among them. There is growing criticism from various opposing politicians. The oil-backed cryptocurrency was introduced to help Venezuela surpass the US-imposed sanctions.
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