ChainCatcher news, according to Barron's report, Venezuela's national cryptocurrency Petro will cease operations on January 15. According to information displayed on the Patria Platform, all cryptocurrency wallets held on the platform will be closed on January 15. The Patria Platform is the only website where Petro can be traded.Petro is the official cryptocurrency launched by strongman President Maduro in 2018, backed by pre-sold oil, with hopes of reviving the economy after nearly a decade of recession and long-term hyperinflation. However, the public has found it difficult to understand how to use Petro, and some risk rating agencies have labeled it a "scam." Maduro has attempted to revive Petro, including ordering airlines flying from Caracas to use Petro for fuel payments and mandating the use of Petro for national service fees, such as obtaining new passports.