President Maduro has said each token will be backed by a barrel of Venezuelan crude. The country holds a "petro" cryptocurrency that is even controversial within its own countries' government. As stated at the time by government officials, Venezuela is seeking to use the cryptocurrency as a way to circumvent worldwide sanctions.
"President Maduro decimated the Venezuelan economy and spurred a humanitarian crisis", he said in a statement.
The order bars "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", issued by Venezuela's government since January 9, the statement said.
Isle Of Wight Weather Warning Upgraded For Snow And Ice
The forecaster said: "Outbreaks of showery rain across north-Leinster and Ulster this morning will slowly clear through the day". Have a happy (and safe) St Patrick's weekend! "Highs of only 1C to 3C in the eastern half of the country, 4C to 6C in the west".
The Petro, which was made available for presale on February 20, is being used specifically to counter US -imposed sanctions and the economic war waged by Washington.
That the Trump administration would make such a move is perhaps unsurprising; several USA lawmakers have sharply criticized the petro, with Senators Bob Menendez, Marco Rubio - and, later, Bill Nelson - writing letters to the Treasury Department asking how it would protect American investors and prevent Venezuela from raising money.
It comes as the South American nation's political crisis continues to result in shortages of food, medicine, and other basic necessities across the country.
Trump issued an executive order proscribing "all transactions related to" the new currency, which is created to make up for a massive government cash crisis.
Visitors claim Six Nations Grand Slam
To celebrate this, TV3 is set to broadcast a rugby special tomorrow, entitled Ireland's Grand Slam, as the winners return home. Joey Carbery's conversion - on for Sexton while the Ireland starter was undergoing a HIA - left the half-time score at 21-5.
We call on all people and governments to support peaceful debate and negotiations and to urgently and unequivocally denounce violent opposition, economic sabotage, biased media critiques, calls for foreign military intervention and regime change supported by USA rightwing politicians and the Trump-Administration State Department and military.
"The Petro is a desperate effort by a corrupt regime to defraud worldwide investigators", a senior administration official said on the announcement.
President Donald Trump took a step further in cutting off Venezuela's government from American investors.
Sen. Marco Rubio (R., Fla.) applauded Monday's action against Venezuela.
Israeli forces detain 19 Palestinians in overnight raids
Israeli fighter pilots bombed a terror target in central Gaza late Saturday night, the Israel Defense Forces announced. The paper says the punitive measure is the army following the government's "hard line that follows terror attacks".
Apple Develops MicroLED Displays For Apple Watch
Apple is developing its own device displays for the first time in an unmarked facility in Santa Clara, Bloomberg reported. For an entire year, Apple has shut down a project and engineers since then have worked very hard on the technology.
Sitharaman presses IAF to rescue students from TN forest fire
The Indian Air Force , which has been pressed into service for rescue operations, is sending a helicopter to the affected area. As per the latest updates coming in, 1 student has unfortunately lost his life while around 10-15 students have been rescued.