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RE: Why are nations even creating own cryptos? Programmer explains.

in #cryptocurrency7 years ago

Venezuela is launching their own crypto, which is a way to save themselves and get back the lost trust of their people, I just hope for the sake of their people that the goverment won't ruin it like they did with the fiat.

“Venezuela will create a cryptocurrency,” backed by oil, gas, gold and diamond reserves, Maduro( The president of Venezuela) said in his regular Sunday televised broadcast.(Reuters.com)