Well dear readers, today I am not in the mood to read or share information related to the price action of Bitcoin, so I wanted to share with you all a piece of news that caused me some frustration since I had some confidence in the project.
It turns out that Venezuela had launched a cryptocurrency supposedly backed by oil, unfortunately President Maduro eliminates the "Petro", the cryptocurrency becomes a real failure in Venezuela.
When I ask the question in the title about, Did you know that cryptocurrencies can die in the hands of states, I basically did it thinking how a state or constituted government can harm the cryptocurrency market by giving it a bad reputation.
The truth is that according to Odra Campero, "As of next Monday, January 15, the Plataforma Patria will close the purses and wallets in cryptocurrencies, according to a statement from the website in charge of managing bonuses and subsidies of the Venezuelan regime, the only means by which this questioned crypto-asset could be exchanged."
It is known that, "Since its announcement in 2017, the petro was presented as a cryptocurrency backed by Venezuela's vast oil reserves and mineral resources, intended to circumvent the restrictions imposed by U.S. sanctions"
I would like to know your appreciation on this sad outcome of the Petro cryptocurrency.
SOURCES CONSULTED
Diariolasamericas. Maduro eliminates the "Petro", the cryptocurrency of failure in Venezuela. Link
OBSERVATION:
The cover image does not belong to the author: 
, the image was taken from: Diariolasamericas
, the image was taken from: Diariolasamericas