Newslink: India Rejects Venezuelan Crypto Despite 30% Discount

The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded by US sanctions, forcing its government to devise ever-more creative ways to stay afloat.

https://news.bitcoin.com/india-rejects-venezuelan-crypto-despite-30-discount/