The descent of the Petro
It is not new news that the United States has been imposing a series of restrictive measures for the economic progress of Venezuela. The Petro seemed to be a potential method to raise our country to the top by having a successful pre-sale, the problem occurs as the largest percentage of investors are U.S.A.
The US government would not miss this situation so it takes the next action, and I quote;
"The Executive Order prohibits, as of its effective date, all transactions related to the provision of financing and other negotiations in the United States, by an American or within the country, of any digital currency or digital token, issued by, for or on behalf of the Government of Venezuela as of January 9, 2018 "
The constant constitutional evasions of the government of Nicolás Maduro have been the reason for the action taken from the United States, potentially reducing the demand for El Petro cryptocurrency.
This will be a strong blow for the beginning of the Venezuelan digital currency.
Unfortunately, El Petro has started its descent.