Donald Trump has signed an executive order imposing new sanctions against Venezuela for its controversial "petro" cryptocurrency.
The U.S. president was previously said to be preparing to sign an executive order imposing additional sanctions on the South American nation for its attempt to bypass existing economic restrictions, McClatchy DC reported on Friday. On Monday, Trump signed an order blocking any U.S. transactions in the petro, the White House announced.
Specifically, the executive order states:
"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, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order."
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