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Tag Archives: Petro

US President Trump Issues Ban Against purchase of Venezuela’s Crypto


President Donald Trump restricted U.S. purchase of a digital currency the Venezuelan government is taking off, as a major aspect of a battle to pressure the government of President Nicolas Maduro. Trump issued a request on Monday denying U.S. residents from participating in trades utilizing the oil-backed cryptocurrency, called the …

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Venezuela’s National Assembly AN declared “PETRO” Illegal

Julio Borges, President of the National Assembly, speaks during a session of the National Assembly in Caracas

Venezuela’s opposition-run parliament on Tuesday prohibited “petro” digital currency promoted by communist President Nicolas Maduro, calling it a push to illicitly mortgage nation’s oil reserves. In the middle of February, crumbling communist nation Venezuela propelled “Petro” — the world’s first state-issued cryptographic money — purportedly upheld by the nation’s oil …

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