El Dorado P2P Exchange ceases operations in Venezuela

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

1. Guillermo Goncalvez, CEO of El Dorado, denied that they wanted to "promote speculation on the dollar".

2. Venezuelan authorities have arrested 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 caused by the platform.

Source: CriptoNoticias