Venezuela's President Nicolas Maduro has ordered one of the nation's largest banks to allow customers to access to his controversial cryptocurrency, the petro.
The Venezuelan Ministry of Finance tweeted the news late on Wednesday at an event marking the tenth anniversary of the Bank of Venezuela (BoV), quoting Maduro as saying (via informal translation):
— MPPEF (@MinEcoFinanzas) July 3, 2019
While there are no other details available so far, the move is presumably aimed to allow BoV customers to buy and deposit petros.
The move comes as the latest effort by the president to force Venezuelan institutions to boost use of his crypto pet project.
He has further mandated that payments for passports should be made in petros – a possible means of slowing the exodus of people from the troubled nation, as petros are not readily available to the populace.
Nicolas Maduro image via Shutterstock
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