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Cryptocurrencies
Trump Prohibits U.S. Purchases of Venezuelan Cryptocurrency
By and
Updated on
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President’s order bans Americans from buying Maduro’s Petro
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Venezuela is under U.S. sanctions and debt-purchase ban
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President Donald Trump banned U.S. purchases of a cryptocurrency the Venezuelan government is rolling out, as part of a campaign to pressure the government of President Nicolas Maduro.
Trump issued an order on Monday prohibiting U.S. citizens from engaging in transactions using the oil-backed currency, called the Petro. He authorized Treasury Secretary Steven Mnuchin to issue any necessary regulations to enforce his order.
