The Venezuelan crypto asset Petro and its assessment as cryptocurrency and financial instrument

José del Carmen Hernández Jaimes ()
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José del Carmen Hernández Jaimes: MSc. En Ciencias de la Educación por la Universidad Valle del Momboy. Subsistema de Educación Media General, MPPPE. Mérida, Venezuela. Teléfono: (58) 04147400270.

Economía, 2019, vol. 44, issue 48, 173-214

Abstract: The objective of the present study was to analyze the functionality, validity and impact of the crypto asset Petro in the current Venezuelan context and its projection in the financial world, in order to assess if this Venezuelan crypto asset in fact represents a commercial instrument. The type of research was documentary, explanatory, given that a systematic, thorough and profound review of the existing documentary sources (printed or digital) was carried out, particularly of the press releases, opinions and analysis published by experts on the subject. The study arrived to the conclusion that the Petro does not represent a strong digital asset in the fulfillment of raising capital as negotiable instruments, let alone as a commercial exchange tool due to its technical, financial and legal reality.

Keywords: crypto asset; Petro; negotiable instrument; technology (search for similar items in EconPapers)
JEL-codes: E49 H41 H69 K29 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:44:y:2019:i:48:p:july-december

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