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White House prohibits Americans from using Venezuela's digital currency The Trump administration is prohibiting American citizens and institutions from using the Venezuelan digital currency, the White House said Monday. Venezuela launched the currency, called the "petro," backed by oil and gas reserves, on Dec. 3, 2017. President Nicolas Maduro said it would help his ...
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US bans all trade in Venezuela's digital currency Petro The United States tightened the screws on Venezuela on Monday by prohibiting all US trade in the Petro, a digital currency launched by Venezuela's leftwing government this year in a bid to circumvent earlier US sanctions. Noting that Venezuela's own democratically elected parliament had declared the ...
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