Bitfinex Refuses to List Venezuelan Petro Token (PTR)

The government of Venezuela (“GOV”) has recently introduced the Petro token (“PTR”), which purports to be a cryptocurrency backed by oil. We see the PTR as having limited utility. In addition, it could be construed as an attempt to circumvent legitimate sanctions against the GOV.
Effective March 19, 2018, the United States has prohibited U.S. persons from all transactions related to, provision of financing for, and other dealings in, any digital currency, digital coin, or digital token issued by, for, or on behalf of the GOV, including but ...
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