The government of Venezuela just licensed 16 crypto exchanges to facilitate the listing and boosting of liquidity and acceptance of its national cryptocurrency Petro which was claimed to have raised over $3billion in Pre ico. What are the likely effects this can have on bitcoin price in the short, medium and long term and crypto space in general if any?
Article:
https://news.bitcoin.com/venezuela-certifies-cryptocurrency-exchanges/The list of those exchanges:
The certified 16 exchanges are “Criptoexchainge, Criptocapital, Asesoría Financiaera CA, Italcambio, Amberes Coin, Cave Blockchainge, Valoratta Casa de Bolsa, Coinsecure.ve, Critiaechainge, Criptolago, Criptoventraige CA, Criptoactivo Menets CA, Criptoactivo Bancar CA, Criptomundo Casa de Intercambio CA, Inversiones Financieras 1444 CA, [and] Criptoactivo Criptoes,” the publication detailed. However, there is no confirmation that any of them have agreed to list the Petro at the time of this writing.
Laughable...
But it gets even funnier:
India’s Coinsecure is on the list of exchanges certified by Venezuela. CEO Mohit Kalra said that “Venezuela wanted to add Petro as a cryptocurrency on Coinseure, so they can trade Petro against bitcoin and the rupee,” Business Standard reported on Saturday.
In case you are not familiar with coinsecure:
https://www.newsbtc.com/2018/04/13/coinsecure-reports-3-3-million-worth-heist/Coinsecure, one of the leading cryptocurrency exchanges in India, announced the biggest heist in the country so far, valued at $3.3 million. The CEO of the bitcoin exchange, Mohit Kalra, has accused his Chief Strategy Officer (CSO) of stealing 438 Bitcoin from the operator’s main wallet.
https://coinsecure.in/Really, who believes in this coin?
Who believes the claims of billions invested in it? At the same time China is denying Venezuela an extension of the grace period of the 62 billions debt?
This will turn into on of the biggest scams in crypto history. Forget Bitconnect...
