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No, you’ll be able to’t purchase Venezuela’s Petro on any abroad exchanges



A New York-based crypto trade has listed a token with the identical identify because the Venezuelan state-issued asset, the Petro (PTR). In actuality nonetheless, the 2 are solely unconnected.

Exchanges corresponding to BitMart have not too long ago begun itemizing this equally named token for commerce on their platforms. Nevertheless, the Venezuelan authorities has not but introduced any partnerships with exchanges overseas.

In keeping with an article printed by Cointelegraph Spanish, solely seven native crypto exchanges provide PTR for commerce in Venezuela. Two authorities platforms, named Plataforma Patria and PetroApp, moreover enable speculators to entry the token. None of those exchanges are technically accessible to a world viewers.

This isn’t the primary time confusion has led to a spike in value for a non-affiliated asset. When Nicolas Maduro, president of Venezuela, launched the official token in February 2018, one other unconnected token referred to as “PetroDollar (XPD)” skyrocketed over 2,000% on an trade referred to as Cryptopia.

Different tasks took benefit of the announcement across the similar time as effectively, with some issuing tokens below the identical identify and selling them by means of deceptive ads.

Lately, the Bolivarian Council of Mayors in Venezuela signed a invoice referred to as the “Nationwide Tax Harmonization Settlement” for 305 municipalities within the nation. This invoice formally designated the Petro as a way of amassing funds for taxes and sanctions.



cointelegraph.com

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