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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: 2) by MichaelDavidCrawford on Wednesday March 21 2018, @07:53AM
I started with wp's bitcoin then blockchain both were very good articles
There is a wiki somewhere that has all the gory details
And there is a Medium article that explains that cryptocurrencies are an asset class that facilitates censorship resistant distributed applications
Bitcoin really isn't useful for anything other than raw seething naked speculation. It's transactions take so long to settle that BTC is no longer useful as a medium of exchange
But etherium's smart contracts make eth useful for all manner of things
I regard ICOs as a wise investment when the companies behind them aren't fraudulent. There are some ICO dating sites - read those first
And when crypto skyrockets turn around and run as fast and as far as you can: I lost $885 on TRON
If your in the US of A or the great white north, Bitmains Antminer L3+ LiteCoin rig can use 110 volts. All their other rigs require 220.
Yes I Have No Bananas. [gofundme.com]