Bitfinex Bans Venezuela’s Petro Token
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Bitfinex Bans Venezuela’s Petro Token

THELOGICALINDIAN - Bitfinex the better cryptocurrency barter has issued a account today apropos its brake of Venezuelas stateissued Petro Token PTR

Near the average of February, the government of rapidly-declining left-wing country Venezuela launched Petro – the world’s aboriginal state-issued cryptocurrency. The cryptocurrency is purportedly backed by the oil-rich South American country’s oil reserves, but abounding appearance the activity as little added than an attack at circumventing US-imposed bread-and-butter sanctions.

One such aggregation administration this appearance is Bitfinex, the better cryptocurrency barter in the world. In an official statement today, the aggregation wrote:

As acclaimed in Bitfinex’s statement, the United States has issued a prohibition adjoin its citizens administering any bread-and-butter affairs with the government of Venezuela, the Central Bank of Venezuela, the state-owned oil aggregation PdVSA, and any added article accompanying to the South American country’s government. As such, the acquirement of PTR tokens is additionally carefully prohibited.

Bitfinex addendum that it “never had affairs to accommodate the PTR or agnate tokens in the Bitfinex trading platform,” but adds:

Bitfinex has additionally absolutely banned all of its advisers from purchasing petro, stating:

Bitfinex’s account comes beneath than one anniversary after Venezuelan President Nicolas Maduro went on civic television to advertise Petro’s availability for purchase with adopted fiat — including yuan, rubles, Turkish liras, and euro. The ambiguous cryptocurrency is not, however, accessible for acquirement with Venezuelan bolivar.

Why anyone would appetite to acquirement Venezuela’s cryptocurrency (which is backed by yet-to-be-drilled oil) with authorization is addition catechism absolutely – back Petro tokens reportedly aren’t acceptable for annihilation added than advantageous government taxes in Venezuela.

What do you anticipate of Bitfinex’s ban on PTR? Do you anticipate Venezuela’s state-issued cryptocurrency is a scamcoin? Let us apperceive in the comments below!

Images address of Shutterstock, Bitfinex