🖐 Venezuela: Maduro authorizes opening of cryptocurrency casino in Caracas

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Venezuela's President Nicolas Maduro has authorized the opening of an international casino at a luxury hotel in Caracas where bets must be.


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Venezuelan President Nicolas Maduro gave the green light for a Caracas casino where only the country's petro digital currency will be.


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Newsletter Subscription. Events Magazines Videos Photos. Overturning a ban in place since The cash-strapped country is currently reeling under US sanctions imposed in an attempt to force Maduro from power. Thank you for registering to our newsletter. Maduro last December approved bonuses in Petros for public employees and pensioners. June 04, Land Based Casinos. Maduro decreed that airlines flying from Caracas must pay for fuel in Petros. Subscribe to receive the latest news and updates. The email is already registered. Enter a valid email. Venezuela - Caracas. Find us on social networks.{/INSERTKEYS}{/PARAGRAPH} {PARAGRAPH}{INSERTKEYS}Maduro said he had "authorized legal gambling" in Petros at the Humboldt Hotel in Caracas and that the resources would be used to finance "health, education, in convertible currency, in foreign currency. The government last week blocked the exchange of Petros for bolivars. International edition. But while the Petro has failed to win investor confidence, other cryptocurrencies have proved hugely popular in Venezuela as a refuge against hyperinflation. Backed by Venezuela's vast oil reserves, the Petro was introduced in as a way to circumvent wide-ranging US sanctions and overcome chronic liquidity shortages. Advanced Search. However, experts said the Petros was quickly changed back to bolivars and then to other currencies. Leave your comment. The cash-strapped country is currently reeling under US sanctions imposed in an attempt to force Maduro from power, the Deccan Herald reports. Maduro wants the virtual currency to become a widely used means of payment by Venezuelans, yet most people have no idea how to use it. Last week, the socialist leader had used his annual speech to the ruling Constituent Assembly to try to revive the controversial Petro that has been banned by the United States and labeled a "scam" by some risk-rating bodies.