Bitcoin Trading in Venezuela Surpassed 1,000 in Last Week

Citing the data from Localbitcoins, Venezuelans converted a total of 1073 BTC ($ 7.1 million) in the week ending Saturday — the most since records began in 2013.

Traders continue to turn to cryptocurrency in Venezuela to circumvent the government's increasing stranglehold on the economy and rampant hyperinflation which persists despite a currency redenomination in August.

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