Digital money: Bitcoin and ethereum are digitally scarce instruments that trade on a network that no one owns. — Bloomberg
VENEZUELA launched what it called its very own “cryptocurrency” this week, and on day one of pre-sales raised US$735mil – or so President Nicolás Maduro claims.
But like all of the regime’s attempts at economic alchemy, there is no way to verify that figure. You have to take the word of the government that produced the highest inflation rate in the world in 2017.
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