US officials make proposal for stricter measures against El Petro

Posted 10 October, 2018

The US officials have put forward a draft bill to tighten measures against El Petro coin, the national cryptocurrency in Venezuela. Meanwhile, the Venezuelan government keeps promoting the coin.

According to the document, it has been proposed to extend Donald Trump's order as of March 2018, which in fact bans US residents from providing any assistance and means for the promotion of El Petro.

The document reads:

"All transactions by a United States person or within the United States that relate to, provide financing for, provide software for, or otherwise deal in any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela are prohibited beginning on the date of the enactment of this Act."

It is worth mentioning that the officials call the bill as a humanitarian help to the Venezuelan people and Venezuelan migrants to overcome the economic crisis in the country and begin economic reconstruction.

At the same time, the Venezuelan government does not worry about US sanctions. Moreover, earlier these measures were considered by the Venezuelan government as a free advertisement of the coin.

For reference, Nicolas Maduro stated last week that public trading of an oil-backed coin might start in early November.

Previous story

10 October, 2018 16:05

← New reporting tools available to Bitfinex users

Bitfinex, a leading crypto trading platform, has reportedly revised and unveiled new reporting tools.  users will be able to expand their experience, increase transaction monitoring via an updated and more informative interface. The company has decided to improve the instruments available for its users seeing professional traders and institutional investors actively joining the crypto segment. Notably, the new interface has become faster on different devices along with more effective API. As the company stated, they plan to release the code of all tools, so users can make customization as they want.

New reporting tools available to Bitfinex users

Next story

10 October, 2018 13:30

US dollar rise slower in mid-week →

The US dollar stays generally strong in mid-week. The US Dollar index rose to 95.41. For reference, the highest level of the past 7 weeks was recorded at 95.84 yesterday. The US Treasuries yield is at 3.225, slightly below the previously achieved peak over 7.5 years. However, the greenback remains in demand fueled by the anticipated faster revision of the interest rate. The US dollar-to-yen rate increased to 113.22. The euro has not changed much against the US dollar, reaching now $1.1492, while yesterday it touched a multi-week bottom. The sterling-to-US dollar rate slightly improved to 1.3147 getting some support from the recent reports that Brexit terms could be agreed next week.

US dollar rise slower in mid-week
Write a comment
 
Prove you’re not a bot + 7 = 27