Last month,Watch Sweet Sex (2017) Korean Movie the Venezuelan government launched Petro, the world's first state-issued cryptocurrency, in hopes of boosting its struggling economy and circumventing U.S. and European sanctions.
The Trump administration, however, isn't buying into the country's new digital currency, which has been called "snake oil" by some financial experts.
SEE ALSO: Venezuela's national cryptocurrency is officially up for saleDonald Trump is reportedly planning to impose additional sanctions on Venezuela restricting the use of Petro for U.S. financial transactions, according to McClatchy.
The report claims the new, tougher sanctions could go into effect as early as Monday after Trump signs an executive order.
The new sanctions "are likely to be part of a larger package of measures that also include several individual sanctions against Venezuelan officials and/or associates." The U.S. already has sanctions on "more than 20 current and former Venezuelan government officials in recent months, including [President Nicolás Maduro]."
Even before it launched, Petro was criticized from all sides. Though Maduro claims the cryptocurrency is backed by crude oil, Petro doesn't actually translate to any concrete assets.
"They’re setting up a stand on the front porch of Venezuela to sell snake oil that’s essentially backed by nothing," Russ Dallen, a managing partner at the investment bank Caracas Capital Markets, told McClatchy. "People believe its backed by oil, but if you read the contract, it’s really not."
Trump's hardened stance on Venezuela's Petro could send a ripple around the world warning other sanctioned countries (such as Russia) against launching their own state-backed cryptocurrency that could undermine international sanctions.
Topics Bitcoin Cryptocurrency Donald Trump Politics Innovations
CPU Price Watch: 9900K Incoming, Ryzen Cuts
John Betjeman Reads “The Licorice Fields at Pontefract”
Picturing the Literary History of Word Processing
The Life, Loves, and Adventures of Omar Khayyám
How to Settle Down with Dystopia
Staff Picks: Castellanos Moya, John Koethe, Esopus
How to Live Like a Musician: Eat Only White Foods
The art and life of Mark di Suvero
Analyzing Graphics Card Pricing: October 2018
Bob Adelman, Civil Rights Photographer, Dead at Eighty
Afghanistan vs. Australia 2025 livestream: Watch ICC Champions Trophy for free
The Joys of Eating a Hot Dog Standing up at the Airport
The art and life of Mark di Suvero
“Purple Elegy”: A Poem for Prince, by Rowan Ricardo Phillips
NYT Connections hints and answers for April 25: Tips to solve 'Connections' #684.
An Excerpt from “Cleaning Up New York”
What’s Next for Karl Ove Knausgaard?
Francis Buckland Wanted to Save (and Eat) Every Animal
5 Affordable Last
Remembering Jenny Diski (1947–2016)
NYT's The Mini crossword answers for March 18Researchers found a huge void inside the largest pyramid in GizaRare frilled shark with unusual teeth and 'snakeAnker Soundcore headphone deal: Get 50% off at AmazonBest Sony deal: The Sony WFAmazon Big Spring Sale unlocked phone deals: Save on Google Pixel and Samsung GalaxyHoward vs Wagner basketball livestream: How to watch liveTrump's pick for NASA chief barely makes it through a committee voteBest earbuds deal: Get Samsung Galaxy Buds 2 nearly half off at AmazonTrump's top environment pick made some bonkers climate science claimsAtlético Madrid vs. Barcelona 2024 livestream: Watch La Liga for freeGet Kindle Paperwhite Signature Edition for $30 off with a PrimeThe FTC is looking into how Reddit licenses data before its IPOManchester United vs. Liverpool 2024 livestream: How to watch FA Cup for freeNYT's The Mini crossword answers for March 20Amazon Big Spring Sale unlocked phone deals: Save on Google Pixel and Samsung GalaxyNYT's The Mini crossword answers for March 18Trump administration to allow African elephant trophies back into U.S.Amazon sale unlocked phone deal: Save 17% on a Samsung Galaxy A54San Juan's mayor isn't happy Republicans canceled a hearing about Hurricane Maria Goatherd, Storyteller, Master by Brian Ransom Too Many Cats by Bohumil Hrabal Behind the Scenes of ‘The Paris Review Podcast’ by The Paris Review Wordle today: The answer and hints for December 18 Best Fitbit deal: Get a Fitbit Inspire 3 for $69.95 at Amazon Redux: Your Name Means Open by The Paris Review Spotify Wrapped's 'Me in 2023' spotlights your embarrassing listening habits Redefining the Black Mountain Poets by Jonathan C. Creasy Redux: A Cold, Wet November Morning by The Paris Review Just Enjoy Every Fucking Blessed Breath by Rob Tannenbaum Wordle today: The answer and hints for December 16 Yes, ‘AI laptops’ are a thing now: 5 that will boost your AI workflow Activision Blizzard to pay more than $54 million in gender discrimination settlement In Russia, the Ultimate Scary Story is about Losing Your Coat by Jennifer Wilson 'Wonka' soars to the top of the box office with $14.4 million opening day Staff Picks: Battle Hymns, Boarding Schools, and Bach by The Paris Review Curled Thyme by H. D. The Only Untranslatable American Writer by Brian Evenson Fanny Burney, Grandmother of the English Novel by Anthony Madrid Richard Ford Will Receive Our 2020 Hadada Award by The Paris Review
3.6221s , 8204.6953125 kb
Copyright © 2025 Powered by 【Watch Sweet Sex (2017) Korean Movie】,Information Information Network