Venezuelans traded 17.1 billion Bolivars for Bitcoins during the last week

Home » BITCOIN » Venezuelans traded 17.1 billion Bolivars for Bitcoins during the last week
Venezuelans traded 17.1 billion Bolivars for Bitcoins during the last week
2019-02-05 in BITCOIN
Photo: Stack of Bitcoin coins on Venezuelian flag. Situation of Bitcoin and other cryptocurrencies in Venezuela concept. 3D Rendering

The past week was the most active in terms of trading volumes in Venezuela – almost 17.1 billion sovereign Bolivars were exchanged for bitcoins. In terms of Bitcoin, trading volume was 1 972 BTC. This is evidenced by the data site CoinDance.

In turn, the Venezuelan authorities have issued the “Constitutional Decree on the Integrated System of Cryptocurrency Assets”, which regulates the activities of Bitcoin exchanges and other crypto companies.

“Issue, use or mining of Petro and other cryptocurrencies without the proper permission of the governing body and in violation of other formalities prescribed in this resolution will be punished with a fine of up to $ 18,000,” – document says.

However, experts say, the decree is unlikely to have a significant impact on p2p-services, such as LocalBitcoins. The attribution of Latin American people to cryptocurrency they explain the difficult economic situation due to sanctions and hyperinflation.

  • bitcoinBitcoin$5,085.85
  • ethereumEthereum$162.89
  • rippleXRP$0.324634
  • tetherTether$1.00
  • eosEOS$5.30
  • stellarStellar$0.114718
  • litecoinLitecoin$77.66
  • cardanoCardano$0.083077
  • tronTRON$0.026161
  • moneroMonero$64.80
  • iotaIOTA$0.314346
  • nemNEM$0.066304
  • dashDash$119.17
  • neoNEO$11.03
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 49
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 45
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 43
© 2017–2018