U.S. Treasury Secretary Steven Mnuchin targets a petro currency that, according to a risk consultant group, only works in the mind of Venezuelan President Nicolas Maduro. Photo by Kevin Dietsch/UPI March 20 (UPI) — New U.S. sanctions on Venezuelan individuals and digital currency transactions are a largely symbolic move from the White House, a risk consultant group said. The U.S. Treasury Department followed through on an executive order signed by President Donald Trump by targeting a digital currency designed to maneuver around existing sanctions on President Nicolas Maduro ‘s Venezuela. “President Maduro decimated the Venezuelan economy and spurred a humanitarian crisis,” U.S. Treasury Secretary Steven Mnuchin said in a statement . “Instead of correcting course to avoid further catastrophe, the Maduro regime is attempting to circumvent sanctions through the petro digital currency — a ploy that Venezuela’s democratically-elected National Assembly has denounced and Treasury has cautioned U.S. persons to […]