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Sputnik International
Venezuela s Maduro Says He s Planning a Digital Currency Surprise
Venezuela may soon begin development on a digital bolivar. The project is being kept under wraps, but regional experts have some ideas on what it will be.
In brief
The details of the project are not yet known.
Regional experts shared with
Decrypt a few ideas about what to expect.
Nicolás Maduro, Venezuela’s disputed president, said yesterday that his team is working on yet another surprise that is sure to raise eyebrows among cryptocurrency and market observers: a “digital bolivar.”
At the moment, it doesn’t appear to have anything directly to do with the state-backed cryptocurrency, the Petro. But like many of Maduro s early announcements, very little is yet known: It is a surprise that we will announce later, said the president during a public address.