The Venezuelan president has proposed to revisit the cryptocurrency path
Venezuelan President Nicolas Maduro has discussed the future development of the national cryptocurrency system following the so-called PDVSA-Crypto program, which resulted in the loss of $20 billion in unaccounted oil sales paid for through cryptocurrencies. Maduro said the country needs to get back on the path of cryptocurrencies, but did not mention whether he would restart the national cryptocurrency asset, the Petro.
Venezuela may revert to a crypto-friendly stance in the future. President Maduro's latest statement during a meeting with banking representatives hinted that the country will reconsider the role of cryptocurrencies in the country, following several measures that have affected trading platforms and mining plans.