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Binance P2P enforces measures against price manipulation in Venezuela!

In a context of increasing exchange rate volatility in Venezuela, the cryptocurrency exchange platform Binance P2P has issued a strong statement announcing "sanctions" for those traders who artificially manipulate the prices of offers. This measure aims to counteract the inflation of parallel dollar prices, a factor that has led traders in Lara to adopt the euro as their reference currency.

The Binance P2P statement details that repeated practices have been detected that "threaten the transparency and balance of the ecosystem." Specifically, the platform points out two critical issues: Creation of listings with prices significantly higher than the market average, with the apparent goal of altering or manipulating the perception of price and misuse of filters to maliciously limit the majority of users, preventing them from making offers.

Binance P2P has been clear in its warning: "From this moment on, any Maker who posts a listing with an artificially inflated price (even if it remains active for a few seconds and claims to have been a 'mistake') will be subject to sanctions." The platform emphasizes that this behavior not only violates its guidelines but also "negatively affects the trust and proper functioning of the entire P2P community."

The sanctions that may be applied include temporary account suspension, loss of badges and associated benefits, and even the suspension or permanent blocking of access to the trading platform. The company reiterates its commitment to maintaining a "fair, safe, and transparent environment for all users," and thanks for the understanding and cooperation to preserve the integrity of the market.

Economic uncertainty and the constant search for mechanisms to protect the value of transactions reflect the resilience and adaptation of the Venezuelan commercial sector in a challenging environment.

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