Venezuelan political critics and activists warn that President Nicolás Maduro and his government are increasingly using crypto transactions to evade international sanctions. 😮

This comes after the US re-imposed gold and oil sanctions recently, following Maduro's failure to fulfill an agreement guaranteeing fair elections in July.

Maduro and his representatives have not fully fulfilled the commitments made in the electoral pathway agreement. Therefore, General License 44—which permits oil and gas sector-related transactions with Venezuela—will expire after midnight and will not be renewed.

Blockchain analysis by Chainalysis revealed that SUNACRIP, Venezuela's National Superintendency for Crypto Assets and Related Activities, is actively transferring large volumes of tokens across accounts across multiple crypto platforms.

Transactions tracked by Chainalysis show that more than $70 million in stablecoins were processed through addresses likely managed by SUNACRIP or affiliates, facilitating smoother financial operations despite sanctions.

What do you think about this situation? Share in the comments column!#cryptonews#Venezuela