According to a national newspaper Correro de Orinco, Nicolas Maduro approved the certification of 16 cryptocurrency stocks required for cryptocurrencies. The aim is to list Petro on the international market.
Speaking at the opening of Power Expo 2018, Maduro talked about the stocks to be open; “Documentation of these 16 exchange stocks is a demonstration of confidence as a cryptocurrency in Petro’s system and will allow for liquidity and solid trading volumes”.
This decision of Maduro is coinciding with statements made by the Venezuelan authorities after the suspension of the transactions of several crypto stocks. The cryptocurrency stocks that will benefit from the President’s certification are as follows;
Criptoexchainge, Criptocapital, Asesoria Financiaera CA, Italcambio, Amberes Coin, Cave Blockchainage, Valoratta Casa de Bolsa, Coinsecure, Critiaechainge, Criptolago, Criptoventraige CA, Criptoactivo Menetleri CA, Criptoactivo Bank CA, Intercambio CA Criptomundo House, Inversiones Financieras 1444 CA and Criptoactivo Criptoes.
Coinsecure will also be among these 16 cryptocurrency stocks.
Coinsecure platform, the India-based, is one of those 16 crypto-currency exchanges. This platform has announced that Venezuela is offering a 30 percent discount on crude oil purchases in return for listing Petro on the platform. In the quote, there was a statement as follows; “You are buying Petro and we will give you a 30% discount”. According to the Business Standard, Coinsecure CEO Mohit Kalra added that Venezuela wants to add Petro as a cryptocurrency on Coinsecure, thus trading with Petro against Bitcoin and ruby. In addition, President of Venezuela officially announced the end of pre-sale period for the purchase of Petro and emphasized the closing was at $3,338 million, and that it was an economic miracle.