RATE Group | Venezuela’s Bitcoin plans are desperate “subterfuge” says acting-president Guaido
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Venezuela’s Bitcoin plans are desperate “subterfuge” says acting-president Guaido

Venezuela’s Bitcoin plans are desperate “subterfuge” says acting-president Guaido

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President of Venezuela, Nicolás Maduro, has confirmed reports regarding his country’s plans to develop payment methods based on Bitcoin, as well as stockpiling cryptocurrencies as part of its international reserves.

And Juan Guaidó, leader of the Venezuelan opposition and “acting president” as recognized by more than 50 of the 195 countries in the world, is none too pleased.

“The regime’s use of cryptocurrency shows desperation,” Guaidó said in a press conference in response to Maduro’s admission, according to Bloomberg. “To resort to that kind of subterfuge emphasizes the economic crisis the regime is going through,” he said.

It’s a criticism that is more than a little curious, given previous public statements from Guaidó which expressed his affinity for Bitcoin and other cryptocurrencies. Way back in 2014, in fact, well before many other leading Latin American figures joined the fray, Guaidó was tweeting about Bitcoin and the promise it held for Venezuelans.

And a…

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