Coinatory

On November 2, the Supreme Court of Venezuela recognized Petro cryptocurrency (PTR) as legal tender — the court’s ruling states that the government “must promote the use of cryptocurrency as a means of payment and act as guarantor of such use.” The news is reported by Ethereum World News. Venezuela intends to become the first crypto state in Latin America. After several delays, the authorities announced the launch of Petro, a state-run cryptocurrency designed to help solve economic problems caused by rising inflation. The government planned to launch Petro in March 2018, however, despite the official announcement made by President Maduro, the launch did not take place. In March, US President Donald Trump signed a decree prohibiting indi ... Read more about " The Supreme Court of Venezuela recognized Petro cryptocurrency as legal tender " on coinatory.com

State cryptocurrencies can decrease the risks in the current crypto market. On behalf of the Committee of the European Parliament on Economics and Monetary Affairs (ECON), a report appeared on the state of competition in the cryptocurrency market. According to the researchers, the state cryptocurrencies issued by central banks (CBDC), whose development is supported by MasterCard, can revive the competition in this market and stimulate its development in the "right direction": "the arrival of authorized cryptocurrencies, which are promoted ... Read more about " European Parliament: CB intends to increase the competition in the crypto market " on coinatory.com