Venezuela’s Oil-Backed Crypto Petro Grows Thanks to a Little-Known Russian Bank

Venezuela’s oil-backed cryptocurrency, the Petro (PTR), has been surviving thanks to a little-known Russian bank, Evrofinance Mosnarbank, which has recently emerged as the only international financial institution willing to defy the US’ sanctions against the South American nation. According to an Associated Press report, early would-be Petro investors who registered with Venezuela’s government and downloaded

The post Venezuela’s Oil-Backed Crypto Petro Grows Thanks to a Little-Known Russian Bank appeared first on CCN