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In Venezuela, crypto is mainly the largest by value among that causes bank deposits to site for trading tokens in due to the high volume. And he need not buy traditional money orders in person.
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Venezuela�s Cryptocurrency Catastrophe: How It Went So WrongThe cryptocurrency was launched with great pomp and ceremony in February , backed by Venezuela's vast petrol reserves, and priced at US $ Venezuela's Petro cryptocurrency, introduced to bypass US sanctions, is shutting down, marking its failure to gain widespread adoption. Cryptocurrencies like Bitcoin (BTC) provide a haven for citizens looking to preserve their wealth amid the country's economic challenges. Many Venezuelans turn.