Trump Bans Purchases of Venezuelan Oil-Backed Cryptocurrency

[kreslik.news]

US President Donald Trump has just poured cold water on the hopes of the Venezuelan government to appeal to investors worldwide with the sale of its own cryptocurrency. While the trust in the Venezuelan government is at historic lows and the likelihood of massive investment flows from abroad into the Petro are limited, Mr Trump has today prohibited US citizens to invest in the token sale.

The ICO plans of the Venezuelan government have been mired in mystery as the country announced the issue of its own cryptocurrency with state owned “miners”. The financial ... (read more)