Did we mention that you can only
purchase Petros in US dollars, Euros and cryptocurrencies such as Bitcoin and Ethereum... NOT bolivars?
If a secondary market for the petro arises (assuming it launches successfully, which seems quite unlikely), Venezuelans could conceivably
purchase petros using bolivars.
ETHNews previously reported on the US Treasury Department's warning that American investors could face «legal risk» if
they purchase the petro.
No information about who
purchased the petros was made public, but the fact that he announced sales figures in yuan would lead us to believe that a significant number of the petros were purchased by investors in China.
«Starting March 23, all legal and physical entities will be able to
purchase the petro directly -LSB-...] within the next 15 days for convertible currencies,» RT quotes him as announcing at the time.
Not exact matches
«I gave the order to the company PDVSA, Pequiven and CVG to realize as of today a percentage of their sales and
purchases in... the
Petro,» Maduro said (according to a rough translation) during the
petro pre-sale announcement.
According to a recording posted on Twitter by television network VTV, Venezuelan President Nicolas Maduro has ordered several state - owned companies to convert a percentage of their sales and
purchases into the
petro.
Russia may allow Venezuela to
purchase auto parts from a domestic manufacturer using its controversial state digital currency, the
petro.
If foreign investors are the ones
purchasing most of the
petros, which appears to be the case, then the
petro will likely operate more along the lines of a parallel trade currency.
Aeroplan Miles, Aventura Points, cash back, Tim Cash and
PETRO - POINTS are earned on card
purchases less returns, and not on cash advances, interest, fees, balance transfers, payments, regular CIBC Convenience Cheques, Aeroplan Mile and Aventura Point redemptions (as applicable).
The president also said
petros can now be
purchased with fiat currencies like Russian rubles, Chinese yuan, Turkish lira and Euro, as well as with cryptocurrencies like bitcoin, ethereum and NEM.
But exchanges outside the United States should realize that if they offer the
petro, they will have to be careful to ensure Americans on their platforms do not
purchase the token, which would be a blatant violation of U.S. sanctions by providing funding to the Venezuelan government.
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This announcement from Bitfinex comes less than a week after the Nicolas Maduro, the Venezuelan president went on air to announce the availability of the
petro token for
purchase with foreign fiat currency including the euro, Yuan, Turkish liras, and rubles.
«Starting on March 23, all citizens and companies will be able to
purchase «
petros» on a specialized website with yuans, rubles, Turkish liras, and euros, as well as with cryptocurrencies such as bitcoin, etherium and NEM,» he said Thursday in a televised speech.