Nicolás Maduro. Source: Twitter, @NicolasMaduro
Venezuelan president Nicolás Maduro has announced that the central government will hand out a total of USD 543,700 worth of the state-run, oil-backed Petro cryptocurrency to each of the country’s 23 states on a bi-monthly basis.
In a televised address, Maduro stated that he would oversee the handout of 1 million Petro tokens (USD 23,640) each to