The Venezuelan administration does not give up on the idea that the future of the country will be saved with cryptocurrencies. It has been claimed that the country, which recently released its own cryptocurrency called Petro, now wants to establish a central bank for cryptocurrencies and that this bank may be called Petro Central Bank.
Washington D.C. Exposed to the heaviest economic sanctions in the world by its administration, Venezuela could not sell oil and its own products to any foreign country, and as a result, the country began to claim that the solution was to circumvent sanctions with cryptocurrencies and export to foreign countries. At the point reached today, the government of the country, stating that it will take steps to increase trade with cryptocurrencies and to reduce the use of dollars, has made its final decision.
Decided to establish a Central Bank
It is expected that the amendment, which is prepared to amend the Constitution for the establishment of an anonymous central bank and will be made with a single signature, will be implemented in a short time and the new Constitution will come into effect. Regarding cryptocurrencies, it is stated that other banks in the country do not care about Maduro’s administration because they are already in the process of bankruptcy, and they only have to implement the decisions partially.