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Bitfinex: We will not support Petro currency

2018-03-28 09:36 am | Resource: News Section | No Views : 1083

Bitfinex: We will not support Petro currency The Hong Kong-based digital currency exchange, Bitfinex, has said it will not support the Venezuelan government's Petro currency, which is backed by the country's oil, to overcome US taxes on the country.
The decision was made after the US decision to ban all its citizens from purchasing Petro, as well as any other similar Venezuelan currencies to be launched in the future. The world's fourth-largest stock exchange confirmed that the currency was of limited interest.
Bitfinex prevent petro-handling on its platform
"The restrictions apply to all podium customers, not only US customers, as well as activities on the platform, such as warehousing, trading, withdrawals, and financing," the stock exchange team said, adding that all contractors were barred from dealing in the currency.
In the same context, a Russian government official said that the goal of the currency Petro was not to pay the debts of Venezuela to Russia.

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