Petro Cryptocurrency Outlawed in U.S.

March 19

President Donald Trump signed an executive order today that imposed sanction against Venezuela’s cryptocurrency, the “petro.”  Trump’s executive order prohibits U.S. persons and others subject to U.S. jurisdiction from engaging in transactions involving any digital currency, coin or token issued by, for or on behalf of the Venezuelan government.  The petro has been opposed by opposition legislators in Venezuela’s opposition-controlled legislature, who consider it a violation of the constitution.

Email
David Zaslowsky has a degree in computer science and, before going to Yale Law School, was a computer programmer. He is currently the Chairman of the Litigation Department of the firm’s New York office. His practice focuses on international litigation and arbitration. He has been involved in cases in trial and appellate courts across the United States and before arbitral institutions around the world. Many of David’s cases, including some patent cases, have related to technology. Since 2008, David has been included in Chambers for his expertise in international arbitration.

Categories

Location