The Trump administration targeted Venezuela’s new bitcoin-like currency Monday, prohibiting Americans and U.S. companies from dealing in the digital currency.
With the economy in shambles and the country cut off from debt markets, Venezuela President Nicolás Madurolaunched the so-called petro cryptocurrency last month in a bid to skirt intensifying financial sanctions from the U.S., the European Union and others aiming to punish the government for its authoritarian rule.
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