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What Does Trump’s Ban On Venezuelan Cryptocurrency Petro Mean For Its Future?

US President Donald Trump issued an order on March 19 to effectively disallow American investors from participating in the ICO of the Venezuelan Petro. US President Donald Trump issued an order on March 19 to effectively disallow American investors from participating in the initial coin offering (ICO) of the Venezuelan Petro, a cryptocurrency supposedly backed by the country’s oil reserves. Caracas Capital managing director Russ Dallen told Bloomberg that the prohibition of investment in the Venezuelan Petro will lead to the decline in speculation and interest towards the cryptocurrency.…