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posted by mrpg on Wednesday March 21 2018, @04:11AM   Printer-friendly
from the ¿y-ahora-que? dept.

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


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  • (Score: 0) by Anonymous Coward on Wednesday March 21 2018, @07:05AM (1 child)

    by Anonymous Coward on Wednesday March 21 2018, @07:05AM (#655957)

    That the US is blocking the move only solidifies the point and shows how petty the US really is.

    No shit. US went from leader of the world, to a joke of the world within just 2 years. Well, not even 2 years. What a SAD state of affairs.... "cheater-in-chief" is now scared about some Venezuelan "crypto currency" no better than titycoin.

  • (Score: 0) by Anonymous Coward on Wednesday March 21 2018, @07:27AM

    by Anonymous Coward on Wednesday March 21 2018, @07:27AM (#655966)

    Ugh, yeah Trump will go down in history as the low point of the US. Well, I hope it is the low point and not the end. Trump is a special sort of deranged, probably the trump card (haha) against the US's illusion of being the "good guy". Sheeeit, Obama got a nobel peace prize? What a load of shit, I full heartedly wish Obama WAS the good guy, but even Southpark mocked him albeit with a hopeful ending to that episode. Seems that hope was misplaced, now we have Cartman as president and god help us all (if you're into that sorta of theistic thing).