Bitfinex, the largest cryptocurrency exchange, issued a statement banning transactions with Venezuela's Petro, the world's first national cryptocurrency. The exchange views Petro as an attempt to circumvent US economic sanctions against the Venezuelan government.
As noted in the Bitfinex statement, the United States government has issued a regulation prohibiting US citizens from conducting any economic transactions with the government of Venezuela, the Central Bank of Venezuela, the state oil company PdVSA and any other entity associated with them. However, the purchase of PTR tokens is also strictly prohibited.
Bitfinex notes that it “never planned to list PTR or similar tokens on its trading platform.”
Given US sanctions and other risks of using this type of cryptocurrency, Bitfinex will not list or allow transactions in PTR or other similar digital tokens. This restriction applies to all platform clients, including government representatives, and to all activities on the Bitfinex exchange, including deposits, funding, trading and withdrawals.
In addition, all Bitfinex contractors and employees, wherever they are located, are prohibited from making transactions in PTR.
Recall that last week, Venezuelan President Nicolas Maduro announced on national television that Petro can be purchased for yuan, rubles, Turkish lira and euro. It is noteworthy that Petro cannot be purchased for the Venezuelan bolivar.
According to http://bitcoinist.com
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Venezuela's national cryptocurrency Petro was launched at the end of February and, as stated in its technical documentation, is backed by the country's oil reserves. The currency has previously been considered controversial due to its alleged evasion of US sanctions, with the Venezuelan president even sarcastically calling it “the kryptonite that will help the country fight Superman.”
