Trump Signs Executive Order Banning Venezuela’s Petro Cryptocurrency (news.bitcoin.com)

U.S. president Donald Trump has signed an executive order banning American citizens from using Venezuelan cryptocurrencies. In effect, this means that the petro, recently launched by Venezuelan president Nicolas Maduro, is now illegal in the U.S. The controversial cryptocurrency was widely seen as a means to evade economic sanctions imposed by the U.S. The executive order is the latest move by the Trump administration to cut off Maduro’s funding, and is the first time the U.S.

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Venezuela Picks FX Platform to Auction Petro ‘Oil-Backed Cryptocurrency’ (news.bitcoin.com)

Venezuela has chosen a platform on which to auction its “oil-backed cryptocurrency”, the petro. While the country’s National Assembly has repeatedly declared this new currency illegal, the Venezuelan government will proceed with the auction of the petro on the country’s official foreign exchange platform.
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Venezuela Found Foreign Investors for Petro Cryptocurrency Pre-Sale Starting This Month (news.bitcoin.com)

Venezuela says it has found a number of foreign investors for the pre-sale of its “oil-backed” national cryptocurrency, the petro. Starting this month, Venezuela is expected to pay companies from Brazil, Poland, Dinamarca, Honduras, Norway, Vietnam, and other nations for food and medicine imports with the petro.
Also read: Japan’s DMM

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