Obba-Ekun

#Venezula #Venezuelacripto
📍 Introduction

In recent months, Venezuelan users have reported the blocking of bank accounts by Banesco after conducting cryptocurrency exchange operations on P2P platforms like Binance. This phenomenon has raised alarms among small merchants and users who use cryptocurrencies as a safeguard against inflation or as a means to generate income.

🧾 What is happening?

Users on social media, particularly on TikTok and Telegram groups, have reported that their accounts were blocked without prior notice after repeated transactions linked to stablecoins like USDT. In some cases, funds were temporarily withheld while internal reviews were conducted under criteria of 'suspicious activities'.

🟢 Optimistic Scenario (10–20% probability)

✅ Binance maintains stable P2P operations, using private banks (Banesco, Banplus, Provincial, Bancamiga) and avoiding any friction with the Venezuelan government.

✅ The government, while still controlling the exchange market, does not directly interfere with global platforms like Binance for fear of generating international noise.

✅ Venezuelan users continue to operate with USDT and other stablecoins as a store of value against inflation, with good liquidity and without serious interruptions.

Everything points to Binance in Venezuela entering a delicate stage. Here is an analytical summary based on what has been found and the recent context:
📊 Current landscape

✅ Binance remains the leading P2P exchange in Venezuela, especially for USDT transactions, given that platforms like El Dorado have already exited the market.

✅ However, the withdrawal of payment methods such as Banco de Venezuela (due to U.S. sanctions) has reduced local liquidity and complicated transactions for many users.