Latin America News
LAST UPDATE: August 27, 2025
Venezuelans turn to crypto as government targets dollars
In response to rampant inflation, weak wages, and shortages of foreign currency, Venezuelans increasingly rely on cryptocurrencies like bitcoin to transact and preserve value.
Insight
This trend underscores the erosion of confidence in the national currency and highlights how citizens are leveraging decentralized digital assets to circumvent strict government controls.
