Tag: Venezuela crypto program

The Petro is Venezuela's government-backed cryptocurrency, created to bypass sanctions and stabilize the economy. But forced adoption, international bans, and lack of trust have made it a failed experiment in digital control.

The Petro cryptocurrency was Venezuela's attempt to bypass sanctions and stabilize its economy, but it's failed to gain real adoption. Forced use, lack of transparency, and international isolation have made it a state-controlled tool-not a true digital currency.