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Friday, March 23, 2018
Volume:
34
Issue:
3
Abstract:
On March 19, 2018, U.S. President Donald J. Trump issued an Executive Order, prohibiting all transactions in Venezuela’s new crypto-currency, called the Petro digital currency. On the same day, Treasury Secretary Steven T. Mnuchin announced that the Office of Foreign Assets Control (OFAC) designated four current or former Venezuelan government officials pursuant to Executive Order (E.O.) 13692, as part of Treasury’s continuing efforts to highlight the economic mismanagement and endemic corruption within the Maduro regime.