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Venezuela parliament backs new cryptocurrency

Traditionally, a nation's currency is backed by the country's central bank, which is connected to other central banks around the world through the global financial regulatory system. Governments are, of course, involved. They back their own central banks and are responsible for the legal system within which banking regulations operate.

Traditionally, a nation's currency is backed by the country's central bank, which is connected to other central banks around the world through the global financial regulatory system. Governments are, of course, involved. They back their own central banks and are responsible for the legal system with