Petro cryptocurrency discontinued in Venezuela following legal troubles

The government of Venezuela has terminated its national cryptocurrency, the Petro (PTR), effective January 15, according to media reports.  Launched in 2018, the Petro was introduced as a mechanism to circumvent U.S. sanctions, but it struggled to gain traction both domestically and internationally. The Petro, backed by Venezuela’s oil reserves and initially priced at $60 […] source: https://www.cryptopolitan.com/petro-cryptocurrency-discontinued-venezuela/