First of all this coin is 100% a scam, you can't mine and it centralized, as the government can generate more coins when ever they feel like it, or they feel their wallets are running low. How it can't be illegal when they are trying to sell the country oil in bonds for their own party benefits, as they use it to finance their elections and give "Christmas" gifts so people vote for them.

Venezuela is in bankruptcy, the national currency highest note is worth only $0.5 that's right half a dollar, they have done everything in their power to keep the presidential sit and this year are the elections, they don't have money for their campaign, now, guess what they are going to do? That's right, they gonna sell PETRO.