Home / Bitcoin Regulation / Could Trump’s Executive Order Banning ‘Petro’ Transactions Lead to Backdoor Cryptocurrency Regulations?

Could Trump’s Executive Order Banning ‘Petro’ Transactions Lead to Backdoor Cryptocurrency Regulations?

President Donald Trump’s executive order banning US residents from engaging in transactions related to Venezuela’s “Petro” cryptocurrency could give the federal government an opening to regulate cryptocurrencies more closely under the guise of national security. The order, signed by Trump on Monday and effective immediately, makes it illegal for US citizens and residents to transact

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