Crypto P2P Exchange LocalBitcoins: We Have No Plans to Exit Venezuela.

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Crypto P2P Exchange LocalBitcoins: We Have No Plans to Exit Venezuela.

https://cryptonews.com/news/crypto-p2p-exchange-localbitcoins-we-have-no-plans-to-exit-v-7740.htm

As previously reported, the Office of Foreign Assets Control (OFAC), the Treasury’s financial intelligence and enforcement agency, has placed a new set of sanctions on firms doing business with Venezuela and the Nicolás Maduro regime.

The Paxful exchange cited “regulations and sanctions related to the OFAC” as its reasons for shutting shop in Venezuela.

The Helsinki, Finland-based firm has enjoyed success in Venezuela, with bolivar trading hitting record-high levels throughout 2020, per Coin Dance data, with high, stable bitcoin trading volumes also recorded.

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