Supreme Court in Venezuela confirms Petro as Official Tender
Hello everyone, how are you today?
Governments made it known that its national Cryptocurrency—Petro has been listed on six different exchanges. A recent report has also made it known that as of now, the Petro coins is now considered a legal tender in the country.
Petro was Initially not Welcomed
Soon it became clear that Venezuela is determined to become the first Latin American crypto nation, and after several delays, its government finally announced the launch of the Petro—a cryptocurrency created to counteract several of the problems associated with the issuance of traditional fiat money.
Petro is now a Legal Tender
Since the aforementioned event took place, lawyers across the country have made their various observations. Through this, a conclusion was reached. The conclusion reached was that:
“Since the country’s highest judicial body has delivered a judgment which implies that the coin is interchangeable with cash. The court is simply implying that the coin is a legal tender.”
Source Refference:
https://coindoo.com/venezuelas-supreme-court-of-justice-confirmed-petro-as-a-legal-tender/
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Don't see how the world will embrace Petro with wide open arms...
Yes you are rigth