United States (US) President Donald Trump is one step away from banning a Venezuelan cryptocurrency with an executive order, and this might have a disastrous effect on blockchain education platforms and courses in the country.
While technically blockchain does not need cryptocurrency to function, many of the newly created platforms for education and certification, like Blockcert, use their own cryptocurrency tokens to facilitate functions in the network.
Blockchain education
Blockchain education has gained increasing popularity over the past several years, and this has been largely driven by the popularity of different cryptocurrencies.
Many US universities have started offering courses in blockchain education, and cryptocurrency basics, as the demand for professionals in these areas is also rising.
Not only that, but blockchain education has an infinite potential to develop, as the technology is constantly being improved by some of the biggest names in information technology, such as IBM.
Donald Trump’s executive ban
Unfortunately, the progress and development of blockchain education might be hampered by a proposed executive order, which is about to come into force this Monday.
Senate Bill 1025, which can become a fact as soon as next week, will approve of an executive order given by Mr. Trump last year. In this executive order, the US President strictly forbids that any US citizen, or foreigner living on the territory, use the Petro cryptocurrency.
According to the President, the creation of this cryptocurrency was the way for Venezuelans to get around US sanctions.
Not only that but on several occasions, Mr. Trump has openly discredited the validity of cryptocurrencies in general:
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
Unfortunately, the executive order prepared by the US President could easily be used as a precedent for the banning of other cryptocurrencies and tokens. If this happens, many of the tokens used in blockchain education platforms in the US might become forbidden, which will then make the platforms dysfunctional.
