President Donald Trump at a White House meeting. Photo: Win McNamee / Getty Images

Russian government officials and businessmen helped Venezuela launch the world's first state-issued cryptocurrency last month, which is intended to help sidestep U.S. sanctions on Venezuela, TIME reports, citing anonymous officials familiar with the issue.

The backdrop: TIME's report comes a day after President Trump signed an executive order prohibiting U.S. citizens from buying the newly created 'Petro.’

The details: An unnamed Russian state bank executive, who handles cryptocurrencies matters, said senior government advisers have overseen the Venezuela plan, which President Vladimir Putin signed off on last year.

  • TIME also reports that Maduro’s Russian advisers, Denis Druzhkov and Fyodor Bogorodsky, who both have major ties to Russian banks and billionaires, were at the launch of the digital currency last month.

The Russian government denied TIME's report, with the Finance Ministry saying none of Russia's financial authorities were involved in the petro's creation. Venezuelan officials did not respond to a request for comment.

Go deeper with the TIME investigation.

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Boycott organizers slam Facebook following tense virtual meeting

Illustration: Sarah Grillo/Axios

Civil rights leaders blasted Facebook's top executives shortly after speaking with them on Tuesday, saying that the tech giant's leaders "failed to meet the moment" and were "more interested in having a dialogue than producing outcomes."

Why it matters: The likely fallout from the meeting is that the growing boycott of Facebook's advertising platform, which has reached nearly 1000 companies in less than a month, will extend longer than previously anticipated, deepening Facebook's public relations nightmare.

Steve Scalise PAC invites donors to fundraiser at Disney World

Photo: Kevin Lamarque-Pool/Getty Images

House Minority Whip Steve Scalise’s PAC is inviting lobbyists to attend a four-day “Summer Meeting” at Disney World's Polynesian Village in Florida, all but daring donors to swallow their concern about coronavirus and contribute $10,000 to his leadership PAC.

Why it matters: Scalise appears to be the first House lawmakers to host an in-person destination fundraiser since the severity of pandemic became clear. The invite for the “Summer Meeting” for the Scalise Leadership Fund, obtained by Axios, makes no mention of COVID-19.

The coronavirus is ushering in a new era of surveillance at work

Illustration: Sarah Grillo/Axios

As companies continue to prepare for the return of their employees to the workplace, they're weighing new types of surveillance in the name of safety.

Why it matters: Just as the coronavirus pandemic has acted as an accelerant for the adoption of remote work, it has also normalized increased surveillance and data collection. In the post-pandemic workplace, our bosses will know a lot more about us than they used to.