m3n4.net July 21, 2018

Trump bans Venezuelan cryptocurrency in the US

20 March 2018, 04:15 | Tara Lloyd

President Trump bans US use of Venezuelan cryptocurrency

Trump bans Venezuelan cryptocurrency in the US

He authorized Treasury Secretary Steven Mnuchin to implement whatever rules and regulations are necessary to enforce the executive order.

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.

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.

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.

House Republicans Abruptly Conclude There Was No Collusion with Russian Federation
But the key here is that we are likely to get a much fuller picture from the Senate probe and certainly the Mueller investigation. According to Nunes, nearly everyone in the Trump campaign had "testified under oath that they had no contacts with the Russians".

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.

Conte targeting FA Cup and top-four finish
Messi then scored his 100 Champions League goal to hand the Catalan giants a massive 4-1 aggregate win. Courtois added that they should focus on the FA Cup now with that being the only chance at silverware.

The new sanctions come as the regime of President Nicolas Madura continues a crackdown against civilians in the country.

Other News

Trending Now

North American 2026 World Cup Bid Confirms 23 Host Cities
The Minneapolis Bid Committee said Thursday it has decided against submitting a formal bid to host the soccer tournament. The stadium hosted the opening game and four other matches during the 1994 World Cup in the United States.

Vladimir Putin decisively re-elected as Russian president - preliminary results
It comes as Russia's Central Election Commission said it was quickly responding to claims of violations in the presidential vote. Voters in Russia's Perm region said they were coming under pressure from their employers to vote Sunday - and to prove it.

Meghan Markle Joins Queen, Royal Family for Commonwealth Day Service
The couple were sat in the row behind Prince William , who sat studying his order of service, next to Kate. Harry and Meghan will say "I do" at St George's chapel at Windsor Castle .

Police say impaired bride crashes on her way to her wedding
An occupant in one of the other vehicles sustained minor, non-life threatening injuries, and was sent to a hospital, Scott said. Young was eventually released without having to go to jail as she just got her blood drawn.

WWE SmackDown Results: Biggest Winners, Losers and Moments from March 13
It looks like we're going to get our wish and the long-awaited clash on the Grandest Stage of Them All will become reality. It was illogical, it was unnecessary and Charlotte and Asuka deserved a bit more time to let the engines heat up a bit.

Scotland Yard Launches Murder Investigation Into Russian Exile's Death
Mr Glushkov received political asylum in Britain after being jailed in Russian Federation for money laundering and fraud. On Monday, 12 March, Glushkov was found dead at his home in New Malden, according to Metropolitan police.

Eagles could pursue Ndamukong Suh once he is released by Dolphins
If Suh is designated as a post-June 1 cut/trade the Dolphins will save $17 million in cap space and eat roughly $9 million. Suh recently spoke with Business Insider about how much athletes really get when they sign those enormous contracts .

PM Justin Trudeau to tour Evraz Steel
However, he said, Canada would be alert to that and work with industry partners and the Americans to make sure that didn't happen. U.S. tariffs on Canadian steel and aluminum would be "very harmful" for industry and workers in both countries, he added .

'Doors-Off' Helicopter Flights Halted by FAA After NYC Photo Tour Crash
And among doors-off helicopter flights available across the USA , many use harnesses that are hard for passengers to remove themselves.

Arkansas dunks on Florida, advances to SEC Tournament semifinals against Tennessee
The Bulldogs were ousted by Villanova in the Big East Tournament, while the Razorbacks fell to Tennessee in the SEC Tournament. Arkansas beat Tennessee in Bud Walton Arena on December 30 in the first SEC game for both teams, 95-93 in overtime.