Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Venezuelan President Uses Crypto to Evade Sanctions
2024-06-17 23:14
Odaily News Critics of Venezuelan politics accuse President Nicolás Maduro and his government of increasingly relying on cryptocurrency transactions in an attempt to circumvent international sanctions. The United States recently reimposed gold and oil sanctions over Maduro’s failure to secure a deal for fair elections in July. Chainalysis’ analysis shows that Venezuela’s National Superintendence of Crypto Assets (SUNACRIP) is moving large amounts of stablecoins, operations that facilitate financial operations even under sanctions.