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Venezuela launches its own cryptocurrencyWith cryptocurrency, Venezuelans can safely protect their money as it's stored in a digital wallet, inaccessible to anyone but to the holder or. The cryptocurrency was launched with great pomp and ceremony in February , backed by Venezuela's vast petrol reserves, and priced at US $ A "sovereign cryptocurrency" � is this a paradox? Venezuela actually has a sovereign currency, the bolivar, which can be exchanged at the rates of 25,
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