Bitfinex, the world’s biggest Bitcoin exchange by trading volume, said it would not be updating its list of cryptocurrencies on offer to add Venezuela’s newly released cryptocurrency, the petro.
In its blog post explaining the decision, Bitfinex pointed to Donald Trump’s executive order which prohibits U.S. citizens from engaging in transactions using the oil-backed digital currency.
Bitfinex explained that as of the date of this statement, it had no “plans to include the PTR or similar tokens in the Bitfinex trading platform.”
Bitfinex said that it would always consider elements such as liquidity and security when evaluating possible inclusions. The popular crypto exchange has also barred its contractors and employees from buying, selling, trading and transacting in any way with the PTR, effective immediately.
“This restriction extends to all customers of the platform, including U.S. persons, and to all activities on Bitfinex, including deposits, financing, trading, and withdrawals,” it further stated.
In spite of the attention-grabbing headlines, Venezuela’s new cryptocurrency has hit another snag last week, as the U.S. authorities are once more sounding the bell to remind the country’s investors about the sanctions that it maintains on the South American country.
The decision pretty much bars all people and companies subject to US jurisdiction from touching the newly-issued virtual coin since it constitutes, in essence, a government debt issuance. Trump has authorized Treasury Department to issue any necessary regulations to enforce his order.
In the meantime, some analysts argue the vast majority of perto frenzyis either a scam or far too ambitious for their own good.
Earlier in December, the CFTC ordered Bitfinex to provide more information about Tethers, which are tokens backed by US dollar deposits, with each token always worth one dollar, as the two entities share the same CEO, Jan Ludovicus van der Velde.