Venezuelan Cryptocurrency Petro Banned by Trump Executive Order

[Goodcat49]

On Monday, March 20, the White House released a new cryptocurrency trading ban, signed by the President of the United States, Donald Trump, on the Venezuelan state-issued digital currency, the Petro. The document includes a list of sanctions against Venezuela that are presently active.

"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, that was issued by, for, or on behalf of the Government of Venezuela on or after 9 January 2018, are prohibited as of the effective date of this order," the executive order says.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/petro-banned-by-trump-executive-order/

[RianDrops]

Woah. It will give a big impact to crypto world I guess.

[benres]

Because of the economic status of Venezuela that is why they are banning it because it will affect the supply of oil to the US. They just want Venezuela to surrender their oil by hitting them below the belt.