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Venezuela's Digital Coin Makes Debut

Venezuela on Tuesday will become the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy. Officials say the so-called petro is backed by Venezuela's crude oil reserves, the largest in the world. Socialist President Nicolas Maduro late last year announced he was creating the digital currency to outmaneuver U.S. sanctions preventing cash-strapped Venezuela from issuing new debt. But the U.S. Treasury...

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