An Interest In:
Web News this Week
- March 22, 2024
- March 21, 2024
- March 20, 2024
- March 19, 2024
- March 18, 2024
- March 17, 2024
- March 16, 2024
March 17, 2018 02:39 pm GMT
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/VA_PFLdCULc/
Trump plans new sanctions on Venezuela's 'Petro' cryptocurrency
Last month, the Venezuelan government launched Petro, the world's first state-issued cryptocurrency, in hopes of boosting its struggling economy and circumventing U.S. and European sanctions.
The Trump administration, however, isn't buying into the country's new digital currency, which has been called "snake oil" by some financial experts.
Donald Trump is reportedly planning to impose additional sanctions on Venezuela restricting the use of Petro for U.S. financial transactions, according to McClatchy.
The report claims the new, tougher sanctions could go into effect as early as Monday after Trump signs an executive order. Read more...
More about Bitcoin, Trump, Petro, Cryptocurrency, and TechOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/VA_PFLdCULc/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable