venezolanos

Tips for the Venezuelan Crypto Environment:

- Prioritize Security: Given the lack of solid regulations and the possibility of scams, security must be paramount. Use secure wallets (hardware wallets preferably for large amounts), enable two-factor authentication, and be extremely cautious with offers and promises of easy profits.
- Stay Informed Constantly: The world of cryptocurrencies is dynamic. Keeping up with the news, market trends, and potential regulatory changes is crucial.
- Diversify with Caution: While diversification is a recommended strategy in any investment, in the Venezuelan context, it is important to thoroughly research each cryptocurrency before investing and understand the associated risks. Stablecoins can offer some protection against volatility, but they also have their own risks.
- Understand the Risks: Volatility is an inherent characteristic of cryptocurrencies. Being prepared for potential significant losses is fundamental. Do not invest money that you cannot afford to lose.
- Seek Reliable Sources: Given the large amount of information (and misinformation) circulating, it is important to seek reliable news and analysis sources and cross-check information before making decisions.
- Consider Practical Use: In Venezuela, beyond investment, considering cryptocurrencies as a tool for making payments, receiving remittances, or preserving value can be a useful strategy.
- Be Aware of Regulations: Regulations can change quickly and have a significant impact on the use and exchange of cryptocurrencies. Staying informed about any regulatory updates is vital.

#consejos #venezolanos #cripto

Thoughts on Crypto (Venezuela, April 15, 2025)

General Thought: In Venezuela, cryptocurrencies have transitioned from a technological curiosity to an increasingly relevant tool in everyday life. Hyperinflation and currency restrictions have driven many Venezuelans to seek digital assets as a means to preserve value and conduct transactions. However, the lack of clear regulation and the inherent volatility of cryptocurrencies also present significant challenges and risks.

#criptonews #venezolanos #pensamientos

Exchange El Dorado P2P ceases its operations in Venezuela

The company allows the exchange of stablecoins for local currencies in the region, a necessity in economies with high inflation.

Guillermo Goncalvez, CEO of El Dorado, denied that they wanted to "promote speculation on the dollar".
Venezuelan authorities have detained people for "artificially inflating" the dollar.

Guillermo Goncalvez, co-founder and CEO of the P2P exchange El Dorado, announced the suspension of operations in Venezuela through a video released yesterday, Saturday.

“El Dorado will stop operating in Venezuela immediately,” he stated, while expressing his regret for any negative impact generated by the platform.

“First of all, I am deeply sorry, as in no way have our actions been aimed at promoting speculation on the parallel dollar in Venezuela,” Goncalvez assured, who also apologized and took responsibility for any harm caused.

The businessman emphasized that the only official exchange rate of the dollar in the country is the one established by the Central Bank of Venezuela.

Government scrutiny
The decision of El Dorado comes in a context of increased control by Venezuelan authorities over the currency market.

Last week, they detained 20 people who managed Instagram accounts dedicated to posting the value of the parallel dollar, which, as of May 22, was quoted at 133 bolivars per dollar, while the official rate from the BCV was at 94 bolivars, marking a difference of 41%.

The Venezuelan Public Ministry charged the detainees with the crimes of terrorism, money laundering, improper fundraising, misleading offers, and association.

An uncertain future for exchanges in Venezuela
These measures reflect the increasing pressure on exchanges like El Dorado, which operate in an environment where rampant inflation and economic restrictions are soaring .

#venezuela #Venezuelacripto #Eldorado #venezolanos #P2P $USDC