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Crypto Experts Support Maduro in Clash with Bank of England

10:41 Tuesday , January 29th 2019
The Venezuelan government led by Nicolas Maduro introduced the state-backed cryptocurrency El Petro in 2018 in a bid to circumvent US sanctions against the country. However the Petro was backed, among other things, by gold with $1.2 billion worth of it stored in the Bank of England, which has recently refused to repatriate it.
Several cryptocurrency experts, featuring Philip Nunn, CEO of Wealth Chain Capital, and Anthony Pompliano, co-founder of the Morgan Creek Capital Management, have slammed the recent decision by the Bank of England to deny Nicolas Maduro government's request to return the state's gold reserve to Venezuela, as a blatant case of the bank refusing to return assets belonging to the client.
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