The map of Bitcoin mining in Latin America once had its epicenter in Venezuela, where low-cost hydroelectric power powered thousands of computing machines. Today, that landscape is one of empty warehouses and confiscated equipment. Faced with this scenario of paralysis, the Cryptoassets Technical Table of the Venezuelan Chamber of Electronic Commerce (Cavecom-e) formalized a specialized … Read more
Liquidity grew 50% in 2026, a latent pressure despite the temporary drop in USDT. They project inflation of more than 600% due to the accelerated printing of money. The Venezuelan economy seems to have entered a phase of contradictions that defies the logic of the common citizen. While the cost of living maintains its upward … Read more
In it episode twenty-two of Separating Money and the StateIván Gómez spoke with the Venezuelan economist Asdrúbal Oliveros about the adoption of stablecoins in Venezuela promoted by the State itself. Oliveros explained that, in the face of strong sanctions and exclusion from the traditional financial system, the government began to collect the majority of its … Read more
The price of USDT reached a peak of 682 bolivars on March 28. The reduction of the exchange rate differential can modify the dynamics of the Venezuelan internal market. The price of USDT in Venezuela has fallen more than 6.5% in the last 7 days. In that period, it went from 682 bolivars (Venezuelan national … Read more
Venezuelan economist Asdrúbal Oliveros described the current regulatory framework for financial technology (fintech) companies and cryptocurrency services in Venezuela as a system that “does not allow the sector to develop.” According to the specialist, Current regulations are “extremely restrictive and rigid”which slows down innovation in a country where economic distortions have turned digital currencies into … Read more
The financial isolation derived from the sanctions forced Venezuela’s productive sector to resort to alternative routes to sustain global trade. This is how, in the face of the rejection of international transfers and persistent inflation, the use of digital assets went from being a taboo to an operational logistics tool. USDT (tether), stablecoin pegged to … Read more
The first projects could be operational thanks to OFAC licenses GL 48A and GL 49A. Gas flaring is equivalent to more than two billion dollars annually at international prices. Alessandro Cecere, business manager of Luxor, a company that develops and structures large-scale bitcoin mining projects, explains with technical clarity and geopolitical reality how Venezuela could … Read more
At first there were errors, although later the operation was completed. Binance imposes certain limits on depositing dollars and purchasing USDT. If you are in Venezuela, and you use cryptocurrencies, you surely have the habit of using the Binance peer-to-peer (P2P) market and other platforms to acquire your assets. But that exchange enabled BPay Global, … Read more
Far from the oil fields, a new financial power is brewing in the palm of Venezuelans’ hands. It is the digital economy where the use of bitcoin (BTC) and stablecoins such as Tether’s USDT consolidate a market that, although silent, mobilizes a volume of capital that challenges the traditional metrics of the national economy. During … Read more
The closing of the fiscal year in Venezuela on March 31, 2026 usually brings with it a mix of urgency and doubts, but this year the conversation revolves around a leading actor such as the user of bitcoin (BTC) and cryptocurrencies. At the recent Crypto Summit, held from March 26 to 28 in the State … Read more