/biz/ - Business & Finance

>WASHINGTON/CARACAS (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela’s proposed “petro” cryptocurrency could violate sanctions against the OPEC nation’s socialist government

>Those sanctions prohibit the purchase of newly issued Venezuelan debt, which has left Maduro unable to refinance the country’s crippling debt burden and led Socialist Party officials to seek new forms of raising hard currency.

>“The petro digital currency would appear to be an extension of credit to the Venezuelan government ... (and) could therefore expose U.S. persons to legal risk,” a Treasury spokesman told Reuters on Tuesday.

there, make whatever you want from it