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Venezuela tried to legislate dictate a ban on crypto. Then they found out what it is and how it works. They got as far as tracing the electric bills of miners and confiscating their rigs. Last I heard the President owner of Venezuela has the rigs mining for himself now.

Sounds about par for the course for Venezuela

 4 years ago  Reveal Comment

It's practically there now. I think they well be scrambling to integrate and therefore control it but it's too late

¿The creation of a shadow economy?

Ha, oh no! they already have SDRs & CBDCs running and going on since long time ago without access to its early benefits by the mere plebeians.

They may well still have a long timeline of survival before giving up or they trying to convince us one more time to jump blindly into their by now twilight bandwagon without a chance of questioning them. };)