Venezuelan President Nicolas Maduro recently said in a special Christmas TV show that the national digital currency known as "Petro" will receive oil, diamonds and gold Endorsement of such commodity reserves will help to overcome the country's "financial blockade." At the same time, Maduro also said he will also set up the country's special surveillance unit for digital currencies, the Ministry of Digital and Currency Supervision of Venezuela.
In fact, some opposition parties in the country do not believe that the digital currency can be encrypted to solve their economic problems. They think that in the current crisis, encrypted digital currency endorsed by commodities cannot immediately bring relief to Venezuela and weather the storm.
However, despite the large opposition voices, the Venezuelan national leader is still conducting his own plan of appraisal. He announced the establishment of an organization that manages encrypted digital currency transactions. He said:
"I announced the establishment of the Superintendence of the Venezuelan Cryptocurrency, a special oversight body that will govern the digital currencies of Venezuela and Petro worldwide."
Not only that, President Nicolas Maduro also said that former President Hugo Chávez has repeatedly explained to him the ideas and concepts concerning the digital currency of oil reserves, but some people who are "closed and sluggish" oppose the idea of establishing their country Digital currency At the same time, he also disclosed that no one opposed the launch of Petro digital money now and that the country's first digital currency issue is about to become a reality. President Nicolas Maduro believes this is the first step toward a better future, and 2018 will be the year for the digital currency Petro and the national economy to take off.
In addition, President Maduro also appointed Carlos Vargas, member of the Constitutional National Committee, as head of the Venezuelan Department of Digital Monetary Supervision. It is reported that President Maduro may want to pay foreign creditors encrypted digital currency and plan to restructure the country's main debt burden.