Trump rejects the Petro and bans its use

Trump rejects the Petro and bans its use. For the US administration, it's just one way of getting around the sanctions.

Administration Trump banned the Americans' use of the Venezuelan cryptocurrency, the Petro, which we have dealt with on these pages on several occasions. The president USA he stated that his introduction is aimed only at circumventing US sanctions.

Trump: illegal transactions with Petro

In an executive order that immediately entered into force, Donald Trump has therefore declared all U.S. transactions related to Currencies digital e token Venezuelan. A prohibition that applies to all natural persons and companies under the jurisdiction of the United States, and that casts new shadows (however, certainly not surprising) on ​​the criptovaluta of the South American country.

Recall that in February Venezuela became the first country to launch its own version of Bitcoin, the Petro, in a move that Nicolas Maduro celebrated to put his country at the forefront of world technology.

In reality, Trump believes the currency is an "attempt to circumvent US sanctions" imposed against the regime Maduro. Already the US Treasury Ministry said in January that Petro appeared to be "an extension of credit to Venezuela" warning that the transactions could violate US sanctions.

The Petro - we remember - is supported by Venezuela's oil reserves, the largest in the world. however, it arrives on the market as the socialist country sinks even deeper into an economic crisis characterized by a surge in inflation and food shortages that force residents queuing for hours to buy products.