Bank Accounts for Crypto Transactions. The Venezuelan government began monitoring the bank accounts of citizens for cryptocurrency transactions. Accounts of users through which digital currencies were output will be blocked. The government regards such actions as "undermining the national currency".
Account checks began last week. According to the verification agencies, the actions are aimed at combating money laundering in the country. In addition, Venezuelans often buy cryptocurrencies at one price, and then sell it for another.
According to El Aissami, who is the current vice-president of Venezuela, the government will monitor banking transactions related to digital currencies and pursue those citizens who are engaged in speculation.
“This is part of a war to hit the financial system of the country,” Aporrea publication stated, “and they [the government] will exercise future actions to hit those who try to conspire through cryptocurrencies.”
Recall that earlier in the country were licensed from three crypto exchanges. At the same time, the government soon realized that the amount of cryptocurrency transactions was not affected in any way@BPI
