After UK Denies Maduro $1.2B Gold Withdrawal, Kraken CEO Cites Importance of Crypto6.8

The Bank of England denied a bid by Nicolas Maduro, Venezuela’s dictatorial ruler, to withdraw $1.2 billion worth of Gold, reported Bloomberg.

The move came after top US officials requested their UK counterparts to disconnect the Maduro’s regime from its assets abroad. The UK accepted the request as it, and many other countries, joined the US’ efforts to overthrow Maduro after he became president upon winning a rogue election in Venezuela. The anti-Maduro lobby also projected Juan Guaidó as the rightful president, after the Popular Will party member claimed that he had won the presidential elections rightfully.

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