RE: The Ongoing Crisis in Venezuela and the "Petro Coin" continues!
The petro is not a cryptocurrency, because the Venezuelan Government, the intention is to support the oil of the country.
Something totally unconstitutional, the Magna Carta itself, establishes that the country's oil wealth and reserves are inalienable, that is, it can not be sold or ceded. In addition, the National Assembly did not approve that decision.
On the other hand, the Government is the one that will control, supervise and establish the price.
Also you can not acquire with the official currency of Venezuela.