Venezuela scamming

Effectively, the Brookings Institute argues that the Venezuelan government is taking advantage of speculator hype in the cryptocurrency space to circumvent sanctions, by accumulating foreign currency.

The key point, the crypto petro is not even available for its own citizens who are stuck.  The problem  is not corruption actually, but there is no way to ship bearer cash, so ultimately the petro still requires  the web  router  to become universally available.

Gov will soon try to ban bearer asset network, but by then guv is too late. At this point, some guvs are ready to throw in the towel on this. The swamp has no regulatory credibility, most of us consider their efforts a fail.