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Will Dollarization Kill Bitcoin Trading in Venezuela? Some Venezuelans turned to Bitcoin in lieu of easily accessible foreign currency. Now that Maduro’s government has accepted dollarization, will that change? In brief Venezuela s national currency suffers from hyperinflation. One of the ways that Venezuelans have sought to escape the devaluing bolivar is through Bitcoin. But now that Venezuela s government has made it much easier to access US dollars, Bitcoin s appeal could be tested. Venezuela’s complex economic conditions have led to it often being referred to as a “case study” in Bitcoin a cryptocurrency practically tailor-made for an economy saddled with hyperinflation and a repressive government.

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