Bitcoin Trading in Venezuela Shoots Up as Economy Worsens
Venezuela is seeing a significant increase in Bitcoin trading. In the midst of severe economic struggles, the Latin American country is seeing a surge in Bitcoin acquisition. According to figures from LocalBitcoins.com, a good metric for across-the-board buying and selling activity, trading has more than doubled over the last month. While Bitcoin remains illegal in Venezuela, desperate times call for desperate measures as citizens, seeking some refuge from hyperinflation and worsening economic conditions, flock to digital currencies rather than government money. Venezuela’s worsening....
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