Venezuela’s Cryptocurrency Experiment

Margarita R. Seminario sits down with Moises Rendon, CSIS Senior Associate and the former director of the Future of Venezuela Initiative. Moises introduces the world of cryptocurrencies and outlines key differences between decentralized and public currencies, such as Bitcoin, and state-sponsored cryptocurrencies, like the Venezuelan Petro. They discuss why cryptocurrencies have become so popular in Venezuela, and how they are transforming the humanitarian sector.