US bans use of Venezuela's new petro currency
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US President Donald Trump today signed an executive order making it illegal for Americans to purchase any cryptocurrency issued by Venezuela. The order prohibits US entities from engaging in any financial transactions involving the Venezuelan state digital cuUS bans use of Venezuela's new petro currency
US President Donald Trump today signed an executive order making it illegal for Americans to purchase any cryptocurrency issued by Venezuela. The order prohibits US entities from engaging in any financial transactions involving the Venezuelan state digital currency, the Petro, on or after January 9, 2018, and builds upon the one that the President signed in August 2017, a senior administration official said, after Trump signed the executive order. Specifically, this executive order prohibits transactions and dealings in the Petro and Petro gold, as well as any similar future efforts by the Maduro regime to issue a digital currency, digital coin, or digital token by US persons or within the US. The Petro is a desperate effort by a corrupt regime to defraud international investors, the official said on condition of anonymity. "At face value, the Petro is a scam ripe for exploitation by corrupt regime insiders seeking to defraud international investors and ordinary Venezuelans. Investing Read more