Venezuelan sanction busting "cryptocurrency" goes down in flames

[GatoGordo]

Dismissed the person in charge of implanting the PETRO
The measure is due to the fact that Superintendent Carlos Vargas failed to sell the cryptocurrency, according to the economist Víctor Álvarez

By ANA DÍAZ
JUNE 21, 2018 02:20 AM

Translated from Spanish

The government dismissed Carlos Vargas, superintendent of Criptoactives, and in his place appointed Joselit Ramírez. In a message broadcast by Twitter Vargas wrote: "Thanks to President Nicolás Maduro for trusting in me to be part of this project in the Superintendence of Cryptoactives, as well as recognize the work done by the team that accompanied me on the way of this beautiful challenge "



In another tweet says: "In the framework of the economic offensive that the Bolivarian government has undertaken, I have been called to defend the petro from the constituent national assembly, to continue promoting this project in defense of the socio-economic rights of the people." Vargas is a substitute for the constituent Ricardo Sánchez.

The economist Víctor Álvarez said that the dismissal is because Vargas did not complete the implementation of the petroleum in the six months he was in charge of the Superintendence.

"The measure is a revelation that the objectives, goals and expectations of obtaining 5 billion dollars of petro were not met, a matter that practically disappeared from the official discourse," he said.

He added that the Executive made many mistakes with the petro. "In order to capture the trust of the investors, the original sin must be corrected and the Constitution and the Hydrocarbons Law must be complied with, and approved by the National Assembly."

-snip-

http://www.el-nacional.com/noticias/economia/destituido-responsable-implantar-petro_240881

Maduro ensured the world that the PETRO had sold nearly a half billion dollars in shares during its first pre-offering, and more than $5 billion in its ICO. The problem is, nobody but Maduro has seen the sales, as you cannot buy them from anybody except the Chavistas, who are not exactly known for their honesty. Nothing anywhere. Not even the Russians (who are helping market the PETRO) are buying into the farce.