US bans transactions involving Venezuela's cryptocurrency


SUBMITTED BY: Hastalavistauno

DATE: March 20, 2018, 3:54 a.m.

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  1. US President Donald Trump on Monday issued an executive order banning all US transactions involving Venezuela's cryptocurrency 'Petro'. Venezuelan President Nicolás Maduro had announced the creation of the oil-backed cryptocurrency in a bid to bypass the US sanctions imposed on the country. Venezuela has been facing the worst economic crisis in recent history.

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