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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Poland Refutes Reports of Its Interest in Venezuela’s Oil-Backed Cryptocurrency (news.bitcoin.com)

Poland’s Ministry of Finance has refuted reports that it is interested in the petro, the Venezuelan ”oil-backed” currency. Earlier this month, Venezuela reportedly claimed that a handful of countries have expressed interest in receiving the petro for commerce with Venezuela such as Norway, Denmark, Brazil, Vietnam, Poland, and others.
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Maduro Asks Venezuela’s Banks to Mine and Use Cryptocurrency – Unions Outraged (news.bitcoin.com)

Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional.
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Venezuela’s Oil-Backed Cryptocurrency Declared Illegal (news.bitcoin.com)

The Venezuelan parliament has declared the oil-backed cryptocurrency created by President Nicolas Maduro illegal and in violation of the country’s Constitution. Maduro’s decree to create the national cryptocurrency, the petro, has been declared null and void.
Also read: South Korea Urges 23 Countries, EU, and IMF to

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