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Venezuelans using cryptocurrency for remittances. Depict a bustling city with digital crypto symbols like Bitcoin and USDT floating around. Show a contrast between traditional banking institutions and modern crypto exchanges, highlighting the peer-to-peer nature of transactions.

Despite Venezuela's Crypto Crack-Down, Use Remains High

By Olivier Acuña | TH3FUS3 Chief Editor

Venezuela's recent crackdown on crypto is unlikely to dent enthusiasm for tokens. Data shows people in the nation remitted $461 million worth of coins in 2023. Exchanges closed, miners shut down, and a state-run agency shuttered, yet remittances soar.

July 9, 2024 06:00 AM

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