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U.S. bans transactions with Venezuela's digital currency
President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela's new petro cryptocurrency, as U.S. officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy in the OPEC country.
"The 'petro' is a desperate effort by a corrupt regime to defraud international investors," a senior U.S. administration official told reporters, strongly warning that any transactions in the petro digital currency would violate U.S. sanctions. "Investing in the 'petro' should be viewed as directly supporting this dictatorship and its attempts to undermine the democratic order in Venezuela," the official added.
Trump's order bars "all transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token," issued by Venezuela's government since Jan. 9, the White House said in a statement.
Also at the New York Times.
Previously: Enter the "Petro": Venezuela to Launch Oil-Backed Cryptocurrency
(Score: 0) by Anonymous Coward on Wednesday March 21 2018, @05:50AM (2 children)
Yup... that's my number one thing about money transfers as well.
There are some cards out there which enable me to spawn off temporary charge numbers, but I have not figured out how to do that yet.
It requires a great deal of trust from me for me to give my credit card credentials to anyone. Believe me, any trust I have for a business can rapidly be depleted by "businesstalk*", as if the business talks tricky before I do business with him, is giving him any of my business going to make him honest?
*Up-to, as low as, with qualified purchase, other terms and conditions apply, highest STARTING speed, results not typical, lose 4 times the weight, and other completely meaningless business phrases used when communicating to their customer. These business phrases translate roughly to "give us your money at your own risk, we may screw you, and by your agreeing to our phrase, you surrender all recourse should we do what we say we might do to you."
(Score: 1, Informative) by Anonymous Coward on Wednesday March 21 2018, @05:54AM (1 child)
If your credit card details get stolen, you can just cancel the charges and get a new card.
(Score: 3, Touché) by MichaelDavidCrawford on Wednesday March 21 2018, @07:57AM
But now that I'm on the topic of identity theft, I have the opportunity to inform you that my social is 518-92-8663
Yes I Have No Bananas. [gofundme.com]