###Guillermo Goncalvez, co-founder and CEO of the P2P exchange El Dorado, announced the suspension of operations in Venezuela through a video released on Saturday, May 31. The company allows the exchange of stablecoins for local currencies in the region.

"El Dorado will cease operations in Venezuela immediately," he stated, while expressing his regret for any negative impact caused by the platform.

"First of all, I am deeply regretful, 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 damage caused.

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