The real estate business in petro will be authorized in April, President Maduro announced. The government will also finance the construction of 230,000 new homes using funds from the pre-sale of the oil-backed crypt. Read also: Rubles can buy Petro Maduro says while it denominates currency of Venezuela Four economic zones to accept payments of Petro All the citizens and legal entities in Venezuela can now buy the national cryptocurrency through their website and soon they will be able to spend their petros too.
Sales of real estate in the oil-backed crypt will be allowed as of April 20, said Nicolás Maduro, quoted by Noticia al Día. The Venezuelan president also revealed that the authorities will create four special and exclusive economic zones to stimulate the circulation of petroleum. They will be located in Los Roques, Paraguaná, Ureña and Isla Margarita.
The goods and services will have a price in the new cryptocurrency issued by the government. Last month, Maduro authorized all of the country's savings banks to use the petroleum, as reported by news.itcoin.com. He later said that all state institutions dedicated to currency exchange had been instructed to do the same. Maduro announced that more than 200,000 orders from 133 countries have been made during the 30 days of the oil presale. He told local television that total orders amount to $ 5.25 billion dollars. The president also said that petros can now be purchased with fiat currencies such as Russian rubles, Chinese yuan, Turkish lira and euro, as well as with cryptocurrencies such as bitcoin, ethereum and NEM. Three million homes will be built with Petro Earlier this week, the Venezuelan head of state said that 82.5 million petros had been sold since the launch of the national cryptocurrency in February.
The socialist government of Caracas intends to use part of the $ 735 million raised from the pre-sale to finance the construction of 236,000 new homes. The authorities plan to build a total of 3 million housing units by the year 2019 under the Great Housing Mission launched in 2011. Its construction will be financed with funds from the sale of the currency backed by oil.
A presidential decree is expected to allocate 14,000 hectares of government-owned land to the project. Nicolás Maduro reiterated his rejection of the new sanctions imposed by the White House. The president of the United States, Donald Trump, recently signed an executive order that prohibits US citizens and legal entities from any transaction with Venezuelan cryptocurrencies. "Venezuela repudiates the measures against the petroleum," Maduro said, adding that they intended to damage the country's economy. Venezuela will also host another global event of blockchain and cryptocurrency technology, its president announced. The conference will be held in mid-April in Caracas.