Venezuela sells $5B in Crypto....US Treasury screams Sanctions.

in cryptocurrency •  last year

And Here we go!!

The US media whores tried to first ignore the fact that Venezuela launched the worlds first fully asset backed national cryptocurrency, but when their silence began to be ridiculously noticeable, they shifted gears into of course slagging the new Crypto off as a "Farce", and did everything they could to demonize it....Yet suddenly, when Maduro announces that they've sold $5 billion dollars worth of the new Venezuelan Crypto, the US Treasury Dept is now jumping into the fray to scream: "SANCTIONS! SANCTIONS! SANCTIONS! SANCTIONS! !!" and threaten any US citizens who've purchased the Currency.

Well well well.... not really looking like much of a fraud now, does it?

"Extension of Credit".... lol that's so fuckin' funny!!!!

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Venezuela: Petro Cryptocurrency Reaps US$5B in Pre-Sales

Data released by Carlos Vargas, Venezuela's Superintendent of Cryptocurrency and Related Activities, shows that over 83,000 persons in 127 countries have made certified purchase offers for the states cryptocurrency. ...
For its part, the U.S. Treasury Department stated the Petro is a currency with characteristics that “appear to be an extension of credit to the Venezuelan government" – a measure forbidden by U.S. sanctions - and that "U.S. persons that deal in the prospective Venezuelan digital currency may be exposed to U.S. sanctions risk."

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