NEWS Venezuela plans to create a cryptocurrency Central Bank

[nicko122]

It turns out that soon the world can see the first cryptocurrency bank, which people can use without any obstacles. This is very good news.

[CrashGangster]

this is very good news for cryptocurrency. venezuela are starting now cryptocurrency. there are more portable to improve in crypto and change their economy graph.it is very good sign for crypto.

[scribble2]

venezuela are start now cryptocurrency. it is a very good decision for venezuela. it will effective for venezuela economy. it is a good sign for cryptocurrency. its future are more bright.

[Sab11]

The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved.  In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

That is a good and wise move of the government of venezuela to create a cryptocurrency central bank, its a good news for cryptocurrency, for us, and especially for zenezuela economy, what a great news.

[Barrycuda007]

I think president Maduro in Venezuela is deed will be a decent experience for this country and for the entire of the crypto currency. It’s virtually the only some country where the economy is being rehabilitated under the state currency of El Petro.

[bitterdog]

The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved.  In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

Wow, to be honest i was shocked by the this news. I think venezuela already stealing the first movement to make their own cryptocurrency. Its a great progress i think, but im not sure it could be as big as bitcoin or other altcoin.

[blockman]

Venezuela is in terrible inflation and they have been trending on the web for weeks.

Their interest to cryptocurrency has increased to solve that inflation problem but that crypto has been already right? is that the petro? If they are still planning to make a crypto central bank that will make no sense as its going to be centralized.

[ganlianshifu1]

Venezuela's actions in the field of cryptocurrency have been frequent and ahead!
They hope to help Venezuela through economic difficulties in this way, but it does not seem to have achieved the desired results!

[WaterSeal]

i think this is the great step for Venezuelan government. we all know venezuela are not enough rich economically. This is a step to make their economic status stable.

[arcade01game]

The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved.  In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

Venezuela is in great debt, making the country's economy so badly inflationary. Venezuela establishes cryptocurrency bank will change the current of the country? They need to take better measures instead of releasing their own Crypto.

A country in great debt = central bank in default = central bank backed crypto = no backing?

[BigCookie]

That is great news for sure. i want to give thanks to the venezuelan government to give such an opportunity to the cryptocurrency. Hope the currency of the venezuela might be change.

[isllander]

Happy news. The more countries will recognize the crypto currency at the legislative level. The sooner it will take a leading place and, most importantly, mass distribution.

[easycoin995]

this news maybe inspire to that country which are economically weak. They give cryptocurrency a chance which make their currency more strong. In near future i believe we will saw a huge change in venezuela currency.

[bitcoindiary]

Although it will be difficult for Venezuela to be effective this decision, but hopefully it will be possible. Though, if such a decision is made, then it will do best for Venezuelan investors as well as other Venezuelan.

[larkscrypto]

A good news for the people of Venezuela. Hopefully they'll benefit from this decision. However, with the domestic cryptocurrency getting prosper is hard they should be given more attention in international investments.

[justhh]

Good idea. Awareness and understanding of the potential impact of emerging technologies are critical to the success in today’s rapidly changing business environment.

[eni19888]

I can't help suspecting that it is the first occasion when that a develop president stays with the cryptocurrency can control the inflacion and can give a reprieve to the Venezuelan individuals and makes a motivator to national and worldwide speculation is seen that there is greater development in the economy and If there is a bank of cryptographic forms of money shockingly better for the traders will accomplish something dynamite I surmise that thusly the economy is being freed and opening the markets what will do that the economy vacillates regularly since that nation has it secured the expansion is a bounce towards the future and I think it is the main upheld cash a substantial resource that exists and that is exceptionally requested on the planet oil first nation that applies a cryptocurrency in a state I believe that from here will leave for the entire world good fortunes to Venezuela

[Nexigen]

Venezuela has been in a difficult economic situation for a long time and is trying to get out of it with all its might. If they successfully develop crypto-financial system and can benefit from it, they will forever go down in the history of mankind. But it will be very difficult for this country, because they have bad relationship with incredibly powerful people.

[looking31]

Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution to include it, along with a court above its Supreme Court.