WASHINGTON (Reuters) - U.S. President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela's new petro cryptocurrency, as U.S. officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy in the OPEC country.

BING NEWS:
  • Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny
    With the US cutting off Venezuelan oil sales, experts warn its likely shift towards digital currency calls for stricter regulations.
    04/29/2024 - 10:13 pm | View Link
  • Experts, politicians call for scrutiny of Venezuela's use of cryptocurrency
    Venezuela's use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will require greater scrutiny by regulators ...
    04/29/2024 - 5:13 am | View Link
  • Venezuela to boost cryptocurrency use amid U.S. sanctions
    In a strategic pivot amid tightening U.S. sanctions, Venezuela’s state-run oil company, Petróleos de Venezuela S.A. (PDVSA), plans to increase cryptocurrency usage in its crude and fuel exports.
    04/23/2024 - 3:08 am | View Link
  • Venezuela’s Oil Giant PDVSA Turns to Crypto amidst Heightened Sanctions
    PDVSA has also recently begun accepting crypto payments for certain spot oil contracts that do not involve swaps.
    04/22/2024 - 10:36 pm | View Link
  • Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
    Venezuela's state-controlled oil company PDVSA intends to boost its use of digital currencies in crude oil and fuel exports.
    04/22/2024 - 6:06 pm | View Link
  • More

 

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