This is a shocking development. From one being against the cryptospace now they are trying to fully embrace it. But I cannot decide if this is good or bad hehe.
Also, you have to ask yourself if their oil backed petrotoken isn't potentially violating US trade sanctions.
Also, you have to ask yourself if their oil backed petrotoken isn't potentially violating US trade sanctions.
To me, it doesn't bode well. It seems like it might fast-forward a US government crackdown on cryptocurrency markets.
Now that Petro was released on NEM, I feel bad for anyone involved with the NEM Foundation. They might have some three-letter agencies coming to pay them a visit now.
I am thinking of a reason why the NEM supporters, who were so loud in announcing their developments and progress in Japan, are so quiet with this one hehehe.
If the petrotoken does violate US sanctions, let's see how immutable and resistant to government action the NEM blockchain is.
