Maduro Says Venezuela is Working within the Cryptocurrency World
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Oct. 1, 2019

The current President of Venezuela, Nicolas Maduro, has said during the tv press conference that the Venezuelan government is using cryptocurrency payment method for both national and international transactions, iHodl Russia reports.

Maduro notes that the finance minister and Venezuela’s central bank have new instruments "which we will activate very soon" so that everyone can do financial transactions via the central bank’s accounts.

"Venezuela is working within the cryptocurrency world," Maduro added.

Earlier iHodl reported that the Central bank of Venezuela wants to determine if it could use cryptocurrencies as a reserve. Thus, Venezuela's state-owned oil and natural gas company Petróleos de Venezuela, S.A. (PDVSA) wants to send bitcoin (EXANTE: Bitcoin) and ether to the central bank and have the monetary authority pay the oil company’s suppliers with the tokens.

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