In a significant turn for the digital financial ecosystem in Venezuela, the P2P exchange platform El Dorado has announced the immediate cessation of its operations in the country. This decision comes amid increased regulation of the currency market and the elimination of the parallel dollar as a reference for digital transactions.
The co-founder of El Dorado, Guillermo Goncalvez, expressed his regret for any negative impact caused by the platform and clarified that its operations were never aimed at promoting speculation on the parallel dollar. He also emphasized that the only official source for the exchange rate in Venezuela is the Central Bank of Venezuela (BCV).
This change marks a turning point in the use of cryptocurrencies in the country, affecting thousands of users who relied on P2P platforms to conduct transactions with stablecoins like USDT and USDC.
💡 What does this mean for Binance P2P users?
Binance has strengthened its policies to ensure a safe and transparent environment for cryptocurrency trading in Venezuela. Users are advised to always verify official sources and comply with local regulations to avoid inconveniences in their operations.
🔍 Stay informed and follow our updates to learn more about the impact of these changes on the P2P market in Venezuela.
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