For those of you who dont know, Venezuela launched the oil-backed cryptocurrency in February in a move to help pull the country out of a continuing economic crisis.
President Donald Trump issued an executive order Monday banning any transactions within the United States involving any digital currency issued by, for, or on behalf of the Government of Venezuela.The order applies to U.S. citizens as well as anyone within the United States, and includes cryptocurrency issued on or after January 9.President Trump's order is in response to recent attempts by Venezuelan President Nicolas Maduro's regime to "circumvent U.S. sanctions by issuing a digital currency," the White House said in a statement.
The rest of the news: https://www.cnbc.com/video/2018/03/19/trump-blocks-cryptocurrency-transactions-from-venezuela-in-the-us.html