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Venezuela's "petro" cryptocurrency outlawed by congress

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News video: Venezuela's "petro" cryptocurrency outlawed by congress

Venezuela's opposition-run parliament has outlawed a "petro" cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country's oil reserves.

As Ivor Bennett reports, the news comes as unrest grows in a once-booming industrial city plagued with food shortages and a malaria outbreak..

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Venezuela's "petro" cryptocurrency outlawed by congress


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