Venezuela Calls US Sanctions Against Its Petro Cryptocurrency ‘Discriminatory’ By CoinDesk


© Reuters.

Venezuela is pushing back against U.S. sanctions before the World Trade Organization, including ones imposed against its controversial cryptocurrency efforts.

The complaint, filed late last month and published this week, addresses a number of actions taken by the U.S. in recent years, claims that the country is infringing on Venezuela’s rights under the General Agreement on Tariffs and Trade (GATT) signed in 1994 and the General Agreement on Trade in Services (GATS). Notably, the complaint notes certain restrictions placed upon “Venezuelan digital currency” transactions.

“The United States has imposed certain coercive trade-restrictive measures on the Bolivarian Republic of Venezuela in the context of attempts to isolate Venezuela economically,” the complaint reads.

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