Donald Trump vs. Venezuela’s national cryptocurrency.
“All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.” – exempt from the executive order.
The ban of Petro is a part of a wider array of sanctions against Venezuela and clearly demonstrated that mixing politics and cryptocurrencies is not necessarily a grand idea.
It is unclear whether these news had a positive impact on the price of TrumpCoin (TRUMP) against USD and BTC…
…or a negative impact upon the PresidentTrump (PRES) coin against USD and BTC…
…however Petro itself was barely affected..
Note: PresidentTrump and TrumpCoin can be bought and traded on LiveCoin and Cryptopia cryptocurrency exchanges. TrumpCoin can also be traded on YoBit.