Venezuelan President: The government will use encrypted assets as a free domestic and international means of payment

According to Bloomberg News, Venezuelan President Nicolas Maduro said at a television news conference that the government will use encrypted assets as a free domestic and international payment method. He also pointed out that the Finance Minister and the Central Bank of Venezuela have new tools, and we will soon activate these tools so that everyone can make bank transactions through central bank accounts, as well as national and international payments. It is reported that the Central Bank of Venezuela has been conducting internal tests to ensure that it can hold cryptocurrency in foreign exchange reserves. The country has been trying to find ways to bypass US sanctions, including creating its own cryptocurrency (Petro).