The US Treasury Department has cautioned investors that Venezuelaβs Petro could be in violation of Washington-imposed financial sanctions. In December last year Venezuelan president NicolΓs Maduro announced that his government would be creating a digital currency the Petro. In a country that is rapidly spiraling into a financial abyss Maduro sees the state-controlled cryptocurrency as a sanction workaround and subsequently a way to improve the countrys deep economic problems. During his annual message on the Read More The post US Treasury Warns Investors: Venezuelas Petro Could Violate Sanctions appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/us-treasury-warns-investors-venezuelas-petro-violate-sanctions/