The Venezuelan government, which plans to start the pre-sale of the Petro coin next month, has announced that cryptocurrency mining is now “fully legal.” He stated that people who miner Bitcoin and other cryptocurrencies are no longer breaking the law. “From where to where?” Askingly, Carlos Vargas added that mining is “a perfectly legal action at the moment.” >
Vargas also stated that the highly controversial national cryptocurrency scheme (Petro), initiated by the country’s president Nicolas Maduro, will begin with a pre-sale process on February 20.
Maduro’s Since the announcement of these plans, Petro has been both criticized and supported by many. Some commentators go beyond criticizing or supporting the coin and say that this coin will not be able to find proper investors because of the sanctions imposed on Venezuela (which the Petro’s aim is to get rid of). The opposition group, which brought some harsh criticism, described Petro as “fraud.” A total of 100 million Petro will be produced, which means that the Petro has a market value of approximately $ 6 billion.
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