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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: 2, Insightful) by khallow on Wednesday March 21 2018, @06:26PM

    by khallow (3766) Subscriber Badge on Wednesday March 21 2018, @06:26PM (#656268) Journal
    I think what's particularly silly about the argument is the idea that because someone makes a choice, then they are "afraid" or "scared" of the other choices. For example, if I choose gas station A because it's on my side of the street and thus, far more convenient than gas station B on the other side, it means that I am scared of gas station B. That's a pretty complete devaluing of the words.
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