đšCrypto Buzzđš: Venezuelan Prez Maduro is allegedly using crypto to dodge international sanctions.đ”ïžââïžđŒ
- Maduro's regime is under scrutiny for exploiting crypto projects to sidestep sanctions.đ
- Critics, including Venezuelan dissident Leopoldo LĂłpez, are urging for stricter sanctions.đŁ
- Chainalysis revealed $70M in stablecoin transfers by Venezuela's National Superintendency of Crypto Assets.đ°
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.đ
What do you think about this crypto maneuver?đ€ Share your thoughts below!đ #CryptoNews #Venezuela #Sanctions