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El Dorado P2P shuts down operations in Venezuela 🇻🇪
On May 31, the CEO of El Dorado P2P, Guillermo Goncalvez, announced the immediate cessation of operations in Venezuela, leaving thousands of users without access to one of the few exchanges that allowed direct exchange of USDT and USDC for bolivars.
📉 This decision occurs in a context where the Venezuelan state has increased pressure on unregulated financial platforms. In recent days, several people have been arrested just for posting the value of the parallel dollar on social media.
🧩 What does this mean?
The closure of El Dorado represents a significant loss for those who used stablecoins as a refuge against inflation. Many will now be forced to operate in less secure channels.
💬 My opinion:
This is a clear reminder: in Venezuela, the crypto environment remains as necessary as it is fragile. It is time for platforms and users to think about more resilient and secure alternatives, inside or outside the country.
🔁 Did you use El Dorado P2P? What options are you considering now? I look forward to reading your comments 👇
#venezuela #USDC #USDT
On May 31, the CEO of El Dorado P2P, Guillermo Goncalvez, announced the immediate cessation of operations in Venezuela, leaving thousands of users without access to one of the few exchanges that allowed direct exchange of USDT and USDC for bolivars.
📉 This decision occurs in a context where the Venezuelan state has increased pressure on unregulated financial platforms. In recent days, several people have been arrested just for posting the value of the parallel dollar on social media.
🧩 What does this mean?
The closure of El Dorado represents a significant loss for those who used stablecoins as a refuge against inflation. Many will now be forced to operate in less secure channels.
💬 My opinion:
This is a clear reminder: in Venezuela, the crypto environment remains as necessary as it is fragile. It is time for platforms and users to think about more resilient and secure alternatives, inside or outside the country.
🔁 Did you use El Dorado P2P? What options are you considering now? I look forward to reading your comments 👇
#venezuela #USDC #USDT
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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