January 30, 2018 / 6:28 PM / 3 months ago

Venezuela says to start selling petro cryptocurrency on Feb. 20

CARACAS, Jan 30 (Reuters) - President Nicolas Maduro said on Tuesday that Venezuela will start the “pre-sale” of its petro cryptocurrency on Feb. 20.

Maduro is hoping to capitalize on the success of cryptocurrencies by creating one for Venezuela as the bolivar plunges to all-time lows and the country struggles with hyperinflation. (Reporting by Caracas newsroom; Editing by Cynthia Osterman)

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