In connection with the extremely difficult economic situation in the country, Venezuelan authorities are considering the possibility of creating their own crypto currency. This is reported by The Merkle.
As the newspaper notes, the central bank of the country seriously thought about the creation of a national crypto currency. This measure is forced, because, according to experts, it can help to overcome hyperinflation. Together with the central bank of Venezuela, Onixcoin is working on the concept of the national crypto currency.
Also, the government of the South American country is considering various opportunities for development of mining in Venezuela.
Because of the raging hyperinflation in Venezuela cryptocurrencies are in high demand. In particular, local businessmen agree to accept even digital collector cards with Pepe frog, created on the Counterparty block-platform.
On the other hand, the Venezuelan authorities are severely suppressing the production of crypto-currency, accusing the miners of Internet fraud and the theft of electricity.