Venezuela's state-owned cryptocurrency Petro starts selling

Venezuelan Economy Department announced on Monday that Petro, Venezuela's state-owned cryptocurrency, is now officially available for sale. The controversial cryptocurrency, which is supposedly backed by oil, can be purchased either directly from the country’s treasury for bitcoin and litecoin or from six exchanges that were pre-approved by the government (Bancar, Afx Trade, Cave Blockchain, Amberes Coin, Cryptia, and Criptolago). Petro also has its own native block explorer, which says that Petro currently has 315 blocks with 41 connections at press time. (Source: CoinTelegraph)