January 18, 2018

U.S. warns investors over Venezuela's 'petro' cryptocurrency

WASHINGTON/CARACAS (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela’s proposed “petro” cryptocurrency could violate sanctions against the OPEC nation’s socialist government, a statement that could dent investor appetite for the soon-to-be-launched token.

Venezuelan President Nicolas Maduro this month said his government will soon issue 100 million petros, backed by an equivalent number of barrels of oil, partly to get around the U.S. sanctions. Read more.


- Venezuela Condemns Fresh US Sanctions Threat, Interference - Venezuelanalysis
- U.S. Treasury attempts to derail Venezuela's new cryptocurrency (video/start 10:20) - teleSUR

- Russia and Venezuela’s Plan to Sidestep Sanctions: Virtual Currencies - NY Times
- Russia may turn to cryptocurrencies in oil trade to challenge sanctions & the petrodollar - RT

- Venezuela's Congress declares 'petro' cryptocurrency illegal (video) - Reuters

No comments:

Post a Comment