A senior official from the ruling party of Venezuela condemned the US for imposing new sanctions on his country due to the release of oil-supplied cryptocurrency “petro”. This is written by CoinDesk.
Earlier, US President Donald Trump signed a decree according to which US citizens or residents are prohibited from buying or making transactions using the Venezuelan digital currency.
Diosdado Cabello, vice president of the United Socialist Party of Venezuela, commented on the recent decision of the US government on Twitter:
“Again, the imperialists are mistaken when they announce sanctions and blockades against the bold and proud Venezuelan people. Sales proteges drool when our people suffer. Raise the flags of Bolivar and Chavez, we will win! “
According to the state-owned Cuban edition of Prensa Latina, Cabello also commented on this at a press conference in Caracas. He stated that President Trump and the United States had abandoned the democratic way to resolve the political issue with Venezuela, instead taking a “bellicose” stance.
These events unfold on the background of the approaching public ICO “petro”, which, according to white paper, should start today. The pre-sale of cryptocurrency was held between February 20 and March 19.
Since the launch of the pre-sale, according to President of Venezuela Nicolas Maduro, the government of the country managed to attract $5 billion already.
Maduro announced the launch of the “petro” in December 2017. The US government quickly responded to the initiative, saying that “petro” is a tool for circumventing sanctions against the country. The opposition Congress of Venezuela called the cryptocurrency illegal and fraudulent.