U.S. President Donald Trump has issued a trading ban on Venezuela’s Petro cryptocurrency, ZDNet reported.

The government on Monday published the executive order which states:

“All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.”

Venezuelan President Nicolas Maduro announced plans to launch a cryptocurrency late last year, in a bid to circumvent the U.S.-led financial sanctions.

The pre-sale of petro cryptocurrency kicked off on February 20, 2018. Earlier this month, Maduro claimed that the pre-sale has raised $5 billion.

The Venezuelan government has also been announcing plans to use the cryptocurrency in a number of projects, despite some strong opposition in the country. Chancellor Jorge Arreaza stressed that Venezuela will support solar energy projects through El Petro. More recently, Maduro announced that the government has signed an agreement for the construction of 236,000 homes backed by Petro.

The executive order comes after the U.S. Treasury cautioned U.S.-based investors against petro. A Treasury spokesman told Reuters that from the available information it seemed that petro, once issued, would “appear to be an extension of credit to the Venezuelan government,” which is prohibited according to the U.S. sanctions.