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HomeNEWSVenezuelan Leader Maduro Utilizing Cryptocurrency to Circumvent Sanctions

Venezuelan Leader Maduro Utilizing Cryptocurrency to Circumvent Sanctions

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Chainalysis recently uncovered substantial cryptocurrency transactions associated with the Venezuelan government. According to their findings, SUNACRIP, the National Superintendency of Crypto Assets and Related Activities in Venezuela, has been moving substantial quantities of tokens across different platforms. A staggering $70 million worth of stablecoins has been traced to addresses believed to be under the control of SUNACRIP or its partners.

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