President Trump bans deals in Venezuela's crypto-currency

[Eugene]

Source: BBC

President Trump bans deals in Venezuela's crypto-currency

20 March 2018

President Donald Trump has signed an executive order barring US companies and citizens from dealing in Venezuela's crypto-currency, the Petro.

Mr Trump said the currency - which was launched in February - represented an "attempt to circumvent US sanctions".

The Petro is intended to bolster Venezuela's crumbling economy, which has been suffering from hyperinflation and devaluation for years.

The Venezuelan government called the US move a "new imperial aggression".

It bans "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 9 January.

-snip-

Read more: http://www.bbc.com/news/world-us-canada-43466465

[GatoGordo]

1. Redundant

This fraud has NO takers. There is no prospectus, so nobody knows what the conditions that the Venezuelan government have put upon the Petro. What IS known is that the people who brought the world quadruple digit inflation are trying their hardest to sell a product that nobody has any faith in. There is ZERO block-chain transparency, and as of this writing, only less than $500 invested. And Maduro claims nearly a billion dollars? Laughable.

Trump is a moron. The best thing he could do is nothing, and let this scam fall flat on its face next month. Now, Maduro has an "excuse" for the Petro's pending failure.