Nicholas Maduro has found a new use for Petro - a crypto-casino Venezuelan President Nicolas Maduro has approved the opening of an international casino at the Humboldt Hotel in Caracas, whose visitors will have to place bets in the national cryptocurrency Petro, writes Bitcoin.com, citing local media.

Nicolas Maduro finds a new use for Petro - a crypto casino

Venezuelan President Nicolas Maduro has approved the opening of an international casino at the Humboldt Hotel in Caracas, where visitors will have to place bets in the national cryptocurrency Petro, Bitcoin.com writes, citing local media.

“I have allowed legal betting in Petro,” Maduro allegedly said on TV. - For example, the Humboldt hotel, there will be an international casino. Anyone who wants to place a bet will bet Petro. These resources will go to support the health and education sectors. Come and place your bets. There will be offers, special prices. You can come with Petro tokens, yuan, yen, dollars, euros or any cryptocurrency. On site, you can exchange them for Petro to place bets in accordance with international law ".

Although the Venezuelan President did not specify which cryptocurrencies will be accepted for exchange, the Petroapp app allows you to buy PTR tokens with Bitcoin, Litecoin and Dash..

Previously, the Venezuelan authorities had a negative attitude towards gambling. In 2011, Maduro's predecessor, Hugo Chavez, ordered the closure of casinos in the country. Since then, residents have had access to a limited number of permitted platforms on the web. Chavez spoke of casinos as hotbeds of prostitution, drug trafficking and other illegal activities.

After Maduro's announcement, reports began to appear in the local media that Venezuela might soften its attitude towards gambling. The casino at the Humboldt is expected to open in the coming months, but the president did not specify if he intends to pursue his plan on a larger scale. He also did not explain exactly how Petro will be purchased, whether Petroapp will be required for this, how winnings will be withdrawn, and whether special crypto terminals for currency conversion will be located on the territory of the institution..

Maduro previously advertised Trezor crypto wallet on national TV.

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