- Feb 2, 2018
Hello I read the reports. I don't see anything to be concerned about on these reports. The use a sensationalist heading to catch people's attention and the talk about illegal activity undertaken with cryptocurrency. I think it is perfectly acceptable for any government to take actions against any form of illegal activity whether using crypto or not. The reports do not mention anywhere the government is cracking down on authorized and legal use of cryptocurrency. The article refers to exchanges charging inflated prices to exchange the currencies."Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said." https://news.bitcoin.com/venezuela-monitoring-bank-accounts-crypto-transactions/
The Venezuelan government has legalized the use of cryptocurrency and is actively encouraging its use, but in a manner that is legal. Articles like this create sensationalist headlines so people read but then when you read the article it has little to do with how the headline was written. I really dislike articles like this because the headlines are misleading and do not fit with the text in the body of the article.
See this article on the Venezuelan Government issuing a decree that the use of cryptocurrency is encouraged and legal : https://news.bitcoin.com/venezuela-approves-decree-use-cryptocurrencies/ If the government did not want the people to use crypto it would not make it legal.