Critics say that Petro is used by the Venezuelan government to circumvent global sanctions, which is a serious-enough concern for the U.S. government that President Trump chose to ban the use of Petro in the country. "Instead of correcting course to avoid further catastrophe, the Maduro regime is attempting to circumvent sanctions through the Petro digital currency - a ploy that Venezuela's democratically-elected National Assembly has denounced and Treasury has cautioned USA persons to avoid".
In December, Venezuelan President Nicolas Maduro announced the launch of the "petro".
The US blocked "all transactions related to, provision of financing for, and other dealings in, by a US person or within the US, any digital currency, digital coin, or digital token", which have been issued by the Venezuelan government since January 9, Xinhua quoted a White House statement, as saying.
The sanctioned officials are Willian Antonio Contreras, the vice minister of internal commerce; Nelson Reinaldo Lepaje Salazar, who is acting as head of the office of the national treasury, according to the U.S.; Americo Alex Mata Garcia, an alternate director on the board of the National Bank of Housing and Habitat; and Carlos Alberto Rotondaro Cova, the former president of the board of directors of the Venezuela Institute of Social Security.
The Petro is meant to bolster Venezuela's crumbling economy, which has been suffering from hyperinflation and devaluation for years.
The order specifically targets "any transaction that evades or avoids" previous United States measures against the government of Venezuela. The President, therefore, determined that for these measures to be effective in addressing the national emergency declared in Executive Order 13692, there need be no prior notice given for implementation of this order.
Thankfully, the cryptocurrency world never embraced the Petro, which is going through problems internally within Venezuela as well, as it's congress has labeled it "illegal" and "unconstitutional". Maduro said that 100 million tokens would be issued, totaling $6 billion, a windfall for the destitute regime. "When you take the USA out of that equation, you reduce the interest and potential for that speculation".
Venezuela is the latest example of socialism's failure.
Trump has repeatedly called socialism and communism failed ideologies. Venezuela is said to be one of the hot topics in discussion at the meeting.
Putin will now face a raft of challenges, from a stagnant economy to managing foreign entanglements in Syria and Ukraine. Zyuganov called the result "brilliant" and said Grudinin was a "candidate flawless for the post of prime-minister".
Leo Varadkar has promised to raise the issue of gay rights with Mike Pence, who has been criticised for his stance in the past. However, the Labour leader Brendan Howlin says ministers shouldn't get involved in planning matters in any way.
The apps also don't save anything to the phone or generate an icon; it's a one-time experience after you load up the instant app. The main advantage of these Instant games, though, is that users can try the game without having to install anything.
Mr Turnbull also announced at a CEO Forum a A$30 million (S$30.5 million) investment fund to support smart cities. Some 300 Singaporeans living in Sydney packed the Shangri-La Hotel's Grand Ballroom to meet them.
Brent Blakely, who filed the action on behalf of Essential Consultants LLC and Trump, did not reply to a request for comment. Earlier, Mr Avenatti told MSNBC and CNN that at least two of the women had signed non-disclosure agreements.
And insane happened Friday, March 16, when #16 seed University of Maryland-Baltimore County beat #1 seed Virginia 74 to 54. The free lunch combo includes 4 slices of DEEP!DEEP!TM Dish pepperoni pizza and a 20 ounce Pepsi product.
The developers know that the fans enjoyed Sonic Mania and that many of them wanted a physical version of the game. Sonic Mania Plus is set to be released in Summer 2018 for PS4, Xbox One, Nintendo Switch and PC.
The Chinese legislature this month eliminated term limits, effectively positioning Xi, 64, to serve as president for life . Xi to the state presidency, the least powerful of his several titles, and as chairman of a state military commission.
Leading US trade associations have written to President Donald Trump urging him to halt plans to slap tariffs on Chinese imports. The footwear companies argued that shoes already are subject to hefty tariffs.
Such a diabolical stand is despite Naidu himself announcing that his party would not even hesitate to support the Jagan's motion. Another danger for the NDA government in the event of a no-confidence motion is the response of the Shiv Sena and other allies.
The US National Transportation Safety Board is investigating, and has not yet determined the cause of the collapse. Barbie Brewer, a victim advocate for the Miami-Dade Police Department, told WPLG that most families are hopeful.
I'd rather have Salah in my team than Neymar
Mohamed Salah's four-goal haul for Liverpool on Saturday saw him take the lead in the race for the European Golden Shoe . Players like Messi and Salah, they make decisions, and they decide games.
Spain blame Romanian referee for Rugby World Cup failure
BOSSES will meet this week to review the official match report on Belgium and Spain's controversial Rugby World Cup qualifier . The Spanish Rugby Federation said on Sunday that they had lodged a formal complaint to Rugby Europe and World Rugby .
WWE's Wrestlemania heading back to New Jersey in 2019
There was a stiff competition to host WrestleMania 35, with the Meadowlands beating out 15 other cities, Saboor told the Post . It is the eighth time WrestleMania will be in the New York/New Jersey area, including WrestleMania 1 at Madison Square Garden.
Vikings land Sheldon Richardson
Years have continued to pass and Vikings quarterbacks have continued to struggle to stay healthy or keep the team competitive. The question was thrown out there after the Minnesota Vikings officially signed quarterback Kirk Cousins last Thursday .
Durant joins absent Warriors stars with sore ribs
Curry sat for a third straight game after re-injuring his troublesome right ankle early in a March 8 win over the Spurs. Warriors forward Kevin Durant has been ruled out of Friday night's game against the Kings with right rib soreness.
Duterte pulls Philippines from International Criminal Court
Duterte has acknowledged his rough ways and tough approach to crime, but suggested many Filipinos have come to accept him. He argued Wednesday that the killings do not amount to crimes against humanity, genocide or similar atrocities. "Shit.
16-seed UMBC makes history in defeat of 1-seed Virginia
The Retrievers (25-10) got a three-point play and then a 3-pointer from Joe Sherbure to go up 27-21 to start the second half. Few people likely pegged the University of Maryland-Baltimore County as the ones to pull off the feat.
Clemency denied in Georgia's 'Stocking Strangler' case
Constitution prohibit the execution of someone who is innocent if the evidence of innocence wasn't available at the time of trial. The nights of September 1977 to April 1978 were deadly in Columbus, Georgia, as nine elderly White women were robbed and raped.
Upcoming Audi e-tron GT to rival Tesla Model S
Audi Sport will be jumping into the mix as well, with its own performance-oriented EV in the coming years - the Audi e-tron GT. Audi has also significantly broadened its electrification roadmap across the entire model portfolio.