In a move that the government hopes will bring much needed economic relief Venezuelas President Nicolas Maduro announced earlier this week that the pre-sale of the countrys new petro cryptocurrency will begin on February 20. A Cryptocurrency Backed by Crude For years Venezuela has been struggling with rising economic and political problems. The South AmericanΒcountry has under heavy international sanctions due human rights abuse and corruption and thanks to extreme hyperinflation the bolivarΒhas lost 97% Read More The post President Maduro: Venezuela to Launch Petro Pre-Sale on February 20 appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/president-maduro-venezuela-launch-petro-pre-sale-february-20/