Despite government restrictions, Venezuelans sent $461 million in cryptocurrency remittances in 2023, a situation that highlights the enduring appeal of cryptocurrencies for cross-border transactions.

However, this also shows how vulnerable cryptocurrencies are to regulatory pressures at the global level. Government restrictions on cryptocurrencies hinder universal acceptance of this technology and create uncertainty for its users.

This could pose a serious threat to the future growth and mainstream adoption of cryptocurrencies. The increased regulation of cryptocurrencies around the world and governments' attitudes towards this technology will determine the future development of this sector.