Venezuelan Officials Visit Qatar To Pitch Cryptocurrency

A delegation from Venezuela’s government is in Qatar to pitch officials there on its soon-to-be-issued cryptocurrency, according to two people with knowledge of the meetings.

The Venezuelan group led by crypto superintendent Carlos Vargas is currently negotiating discounts on the digital token to lure Qatar as an initial investor, the people said. The digital scrip known as the petro, which it plans to begin selling next month, is part of Venezuelan efforts to skirt U.S. sanctions that have limited its access to financial institutions.

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