ChainCatcher news, according to Bitcoin.com, Venezuelan President Nicolas Maduro discussed the future development of the national cryptocurrency system after the so-called PDVSA-Crypto plan. The plan resulted in $20 billion in unaccounted oil sales losses, which were paid for in cryptocurrencies. Maduro said the country needs to get back on the path of cryptocurrency, but did not mention whether it would restart the national cryptocurrency asset, Petro.

Venezuela may re-adopt a cryptocurrency-friendly stance in the future. President Maduro's latest statement at a meeting with banking industry representatives suggests that the country will reconsider the role of cryptocurrency in the country after taking a number of measures that affected trading platforms and mining plans.