Breaking: Trump Bans US Citizens, Residents from Venezuela’s Crypto ‘Petro’

US president Donald Trump has issued an executive order banning US citizens from buying, trading or dealing in cryptocurrencies (the Petro) related to the Venezuelan government.

In what is certain to be the first crypto-related executive action taken by a US president, the White House revealed Donald Trump’s executive order to unconditionally ban all activities related to Venezuelan government-issued or related cryptocurrencies within the United States. The move was “in light of recent actions taken by the Maduro regime to attempt to circumvent U.S. sanctions by issuing a digital currency in a process that Venezuela’s democratically elected National Assembly has denounced as unlawful,” the White House said.

An excerpt from the executive order confirmed:

All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.

As reported previously, Venezuelan president first announced the ‘Petro’, a digital currency backed by Venezuela’s massive oil reserves as a means to combat US sanctions and the financial blockade, earlier in December.

The Petro saw its pre-sale launch on February 20 and isn’t without controversy with the country’s national assembly declaring it a ‘fraud’ while market observers have criticized the petro for undermining legitimate decentralized cryptocurrencies.

Hey @dkgautam, We have met 37 times already!

I'm a guide dog from KR community. As you have been continuously ignored my guideline for using KR tags, your case is escalated, and the KR community guardians have decided to start making a serious action.

Stop using KR tag:

If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post.
If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post.
If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist.

Otherwise, your post will highly likely get downvoted from this point.

@krguidedog