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Venezuela Government Worried As Bitcoin Buying Skyrockets With Hyperinflation



Venezuela authorities are worried as they see hyperinflation driving bitcoin trading volumes beyond control. In the last week, the records have been astonishingly high, as trading in the ‘grey market’ financial trading continued to soar. The government has tried in vain to block such volume trading by shutting down import of cryptocurrency mining equipment, but has not been effective thus far.

Petro: First Crypto By Any Govt

The run up to this week, in bitcoin trading in Venezuela has been positive thus far.  The Nicolas Maduro government was one of the first in the world to issue a virtual currency. ...

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