Reported 8 months ago
Venezuelan activists and policy analysts are urging for stricter sanctions and investigations into President Nicolás Maduro’s use of cryptocurrencies to bypass international restrictions, especially after the US reinstated gold and oil sanctions on Venezuela. The government previously released the Petro token as a means to counter hyperinflation and evade US sanctions, but the token had little practical value and was involved in corruption scandals. Analysts are calling for more comprehensive sanctions and increased scrutiny on the government's use of cryptocurrencies to evade sanctions.
Source: YAHOO