Venezuela Bitcoin Trading Hits New Highs Amid US Embargo

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U.S. President Donald Trump has just imposed a total economic embargo against Venezuela. As a result, Bitcoin price is currently trading at almost a $1000 premium in VES on P2P trading platform, Localbitcoins, and trading volumes have skyrocketed to record-breaking highs. In Venezuela, Bitcoin Trading Activity Reaches All-Time Highs President Trump is sharply increasing economic and diplomatic pressure to bring down socialist President Nicolas Maduro. The U.S. administration recognizes the opposition leader Juan Guaidó as the interim president of Venezuela. In his latest effort, Trump is now imposing a freeze on all Venezuelan government assets in the United States. According to , an executive order released by the White House on August 5, 2019 states, All property and interests in property of the Government of Venezuela that are in the United States … are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in. The latest U.S.…

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