Venezuela exerts China-like social control through Petro cryptocurrency

It appears that Venezuela is closely following the footsteps of the communist country China by controlling and managing its citizens’ transactions through Petro cryptocurrency, says the head of cryptocurrency startup Purse.io. Eduardo Gómez, who is heading the crypto platform that offers real use-cases of Bitcoin and Bitcoin Cash by facilitating their spending on Amazon, recently emphasized on how Petro cryptocurrency is actually traded and tracked. According to him, the state-controlled cryptocurrency is nothing but a smart way to develop a system that benefits the government by tactfully following the purchases made by its citizens. Here's an update on what's happening