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Venezuela pegs minimum wages to national cryptocurrency

2022/03/04 07:13

Venezuela announced that the country’s minimum wage would now be 50% pegged to the national Petro (PTR) cryptocurrency, according to a report from Bloomberg on Friday. Petro is built on top of the DASH blockchain and is centralized around government issuance making it more like a Central Bank Digital Currency (CBDC) than a cryptocurrency.
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