Trump orders Treasury Secretary, Steven Mnuchin to enforce the order.

Valenzuela is under U.S. sanctions and debt-purchase ban

U.S. President Donald Trump has banned Americans from buying Maduro’s Petro

To keep pressure on Valenzuela, President Donald Trump has ordered a ban on the Petro Cryptocurrency. Trump released an order on March 19, banning Americans to engage with or acquire the oil-backed Petro Cryptocurrency. To enforce this, Trump has commanded the Treasury Secretary to enforce the order.



Unfortunately for Trump, with the way Cryptocurrencies operate, there is little way to monitor and police the order. This concerns us because this could lead to more scrutiny over the emerging technology and how regulators view its future, we just hope this doesn't lead to any further scrutiny of cryptocurrencies.



The Petro currency was created by Valenzuela’s leader Maduro, in an effort to try and save his crashing economy. It is estimated that Valenzuela’s inflation has reached and all time high of 13,000 percent in 2018.



One thing for certain, there is no way President trump can enforce the order or track who holds this cryptocurrency.



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