📢 Open debate: The closure of El Dorado P2P in Venezuela and its impact on crypto trading #💰🚨
The platform El Dorado P2P has announced the immediate cessation of its operations in Venezuela.
Its co-founder, Guillermo Goncalvez, expressed his regret and clarified that the platform had no intention of promoting speculation on the parallel dollar. However, this closure occurs in a context of increased government control over the exchange market, which has led to the detention of several actors linked to dollar reference platforms.
How does this affect crypto and stablecoin trading in Venezuela?
El Dorado P2P was a key option for buying and selling USDC and USDT and other stablecoins, used by many Venezuelans to protect their savings from inflation.
⚠️ Could the same happen with Binance and other platforms?
While Binance is a global platform with a wider reach, regulations and restrictions in Venezuela could affect its operations in the country. In fact, Binance has tightened its rules to prevent price manipulation in its P2P market
