Binance excludes Banco de Venezuela from P2P payments
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.
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Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia
The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.
Venezuela shuts down crypto mining facilities, exchanges amid corruption probe
According to Venezuela's attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department.
Venezuela overhauls national crypto department
A new board will lead the reorganization, headed by Anabel Pereira Fernández. The new team excludes Joselit Ramirez, who led the department since its inception in 2018.
PwC Venezuela Twitter account hacked, attacker shills fake XRP giveaway
An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last 8 hours at the time of the writing.
Uphold withdraws with Venezuela, citing US sanctions
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
P2P payments spurred crypto adoption across Venezuela in 2021
Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country.
Venezuela to launch CBDC in October — and cut six zeros from its currency
The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.
![Why Bitcoin Cannot Fix the Socioeconomic Crisis in Venezuela [For Now]](http://news.littlecdn.com/600x360/1556804584_5ccaf3e86728e.jpeg)
Why Bitcoin Cannot Fix the Socioeconomic Crisis in Venezuela [For Now]
has seen its national currency become practically worthless after undergoing one of the worst economic crisis in history. The inflation is all-time high – all the essential goods such as medicines and even toilet papers have soared in value. More cit...
This Bitcoin Skeptic Wants to Make ‘Stable’ Cryptos for Venezuela
Economist Steve Hanke has joined the board of advisors for the P2P cryptocurrency exchange AirTM and will guide its Latin American expansion, including a new system for price-stable assets he will design.