๐จCrypto Buzz๐จ: Venezuelan Prez Maduro is allegedly using crypto to dodge international sanctions.๐ต๏ธโโ๏ธ๐ผ
- Maduro's regime is under scrutiny for exploiting crypto projects to sidestep sanctions.๐
- Critics, including Venezuelan dissident Leopoldo Lรณpez, are urging for stricter sanctions.๐ฃ
- Chainalysis revealed $70M in stablecoin transfers by Venezuela's National Superintendency of Crypto Assets.๐ฐ
In 2018, Venezuela launched Petro, a crypto backed by oil and mineral reserves, to fight hyperinflation and evade U.S. sanctions. But, it saw limited use and was suspended amid a corruption probe.๐
What do you think about this crypto maneuver?๐ค Share your thoughts below!๐ #CryptoNews #Venezuela #Sanctions