This is a fascinating little story with a LOT of back story (much of which I have already covered in these pages this week.) The Venezuelan economy is literally being strangled to death, of course, with the common people paying the highest price--up to and including death by starvation.
A big part of the "Bolivarian" (i.e. anti-colonial, semi-communist) republic's attempt to finally free itself from US domination has been the launching of their own cryptocurrency, known as "The Petro" (not to be confused with a couple different fiat currencies in circulation elsewhere with the same name.) The hegemony of American oil interests (i.e. Rockefeller interests) over Venezuela's economy and government has been waning in recent years, but it is definitely not going away without a fight--perhaps (if you listen to neocon warhawks like Pompeo and Bolton) even a hot military fight.
The U.S. has been using all sorts of underhanded tricks to limit the success of "the petro" on crypto markets, and the Venezuelan government is now attempting international action. Check out this:
https://news.bitcoin.com/venezuela-files-complaint-with-wto-regarding-us-sanctions-targeting-petro/
Here is an excerpt from the above:
"The request asserts that the U.S. has unilaterally imposed 'coercive trade-restrictive measures … on the Bolivarian Republic of Venezuela,' including 'discriminatory coercive trade-restrictive measures with respect to transactions in Venezuelan digital currency.' Venezuela claims that the US sanctions subject Venezuelan financial service supplies to treatment that is less favorable than that accorded to like services and service suppliers of WTO Member States not subject to the measures."
While I am no fan of the bogus, anti-national-sovereignty aspects of "global institutions," I am also no fan of U.S. imperialism, because WE ARE SUPPOSED TO BE A REPUBLIC. So, I am ideologically torn here. I wish there were a way forward for Venezuela's PEOPLE to free themselves further from all types of totalitarian ideologies--whether openly "Bolivarian," or deceptively "democratic" (in the Rockefeller, "faux-democracy" sense--currently ruling modern Amerika.) At present, I don't really see one.
But most importantly, Venezuela is in a genuine humanitarian crisis, and if world organizations real care a wit about things that are a truly important they will take whatever measures they may be able to employ to help the PEOPLE of Venezuela.
With powerful U.S. warmongers like our Secretary of State beating the drums for intervention in that historically ALREADY-HEAVILY-ABUSED (by U.S. policy makers) South American nation, the American people stand to receive another sad black eye in terms of global public opinion and our former "moral authority," if we don't resist American interventionism on behalf of the OIL STATE that still really rules the country.
It is a narco-dictatorship, its cryptocurrency must be sanctioned, well your article
Maybe, but my point is that the USA needs to stop meddling there. Venezuela must be free for self determination.