Strict State Control Over Currency Turning Venezuelans to Bitcoin

By October 10, 2014Bitcoin Business

Strict State Control Over Currency Turning Venezuelans to Bitcoin In Venezuela, the State’s strict monetary control makes it a real challenge for locals to obtain dollars, or make a simple purchase on the Internet. To overcome this difficulty, Venezuelans are turning to Bitcoin for practical reasons, but also to manifest their discontentment towards the system.

Many experts have already discussed the potential of digital currencies in Latin America. In fact, CoinDesk’s new Bitcoin Market Potential […]

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