Trum has Banned All the Cryptocurrencies Related to Venezuelan Government

in #bitcoin7 years ago

Cryptocurrency's popularity is increasing day by day and now presidents of those countries who are considered super power taking interest in the cryptocurrency and blockchain. Putin had himself issued a dead line for the regularization of crypotcurrency and now Trump has issued an executive order that will put a ban on buying and trading of Venezuelan cryptocurrency (petro).

Image Source https://www.finder.com.au/maduro-claims-the-venezuela-petro-cryptocurrency-raised-5-billion

The reason for banning the Venezuelan coins is the action taken by the Venezuela's national assembly. Assembly has not been accepted as lawful assembly by the U.S government and they have applied some sanctions which they were going to break by using the digital currency petro.

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