NEWS Venezuela plans to create a crypto currency Central Bank

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#1

The national Assembly of Venezuela is preparing a reform of the country’s Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved.

In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country’s President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

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#2

Still waiting to see any glimpse of blockchain activity anywhere. As far as I can tell this is pure vapourware still.

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#3

Yeah is it even built on Nem?
‘‘Nem with Tony’’, on youtube never gave any definitive word that this was actually built on the Nem Blockchain.
Speculation only.
Cheers

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#4

If you are a NEMber, please look at the block explorer.

Petro is not working.
ICO has also failed.

http://explorer.nemchina.com/#/s_account?account=NBC2LLR5W2NSH6MYI7O6PT7OF34CSL55L27ZXTQZ

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#5

You should not trust the press of Venezuela’s Cheong Wa Dae.
The truth remains in the block chain.

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#6

The wallets are clearly Nem clones.

But that doesn’t tell us anything about whether it actually exists beyond that or will ever be put into proper use.

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#7

which the last organization you expect to do so in a country.

#8

Just by simply creating another cryptocurrecy after Petro says so a lot and most importantly linking it to their Central Bank

#9

Venezuela is the world example for the necessity of cryptocurrency adoption how the country get adopted cryptocurrency after hyperinflated currency failure of fiat currency Venezuela is right example