Venezuela blocks Coinbase and MercaDollar

Venezuela blocks Coinbase and MercaDollar

By Gamma | Gamma | 11 Sep 2020


Venezuelans are starving

Internet service providers block the Coinbase and MercaDollar websites at the request of the government...

Imagine that tomorrow your funds will be blocked at coinbase and that you will not be able to access them anymore... That's what happened in Venezuela in a few minutes.

The distribution of the aid was partly organized by Juan Guaidó, the opponent of Nicolás Maduro, who was recognized as legitimate president by several countries, including the United States. For this reason, Maduro ordered the blockade to be lifted.

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The coinbase stop in venezula is a strategy of the ruling power to maintain its hold on power, despite the fact that the local population has to survive on less than 3 to 4 per month USD$

YES with only 3 to 4 per month USD$

What represents 982781 Venezuelan Bolivar Fuerte (VEF) doesn't fool you because there is a confusion between Venezuelan Bolivar and Venezuelan Bolivar Fuerte (VEF).

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The local population only has access to the Venezuelan Bolivar Fuerte (VEF) which is equivalent to 4 USD$ = 982781 (VEF).

 

1 kilo of sugar = 650'000 (VEF)

1 kilo of coffee 1.2 million (VEF)

1 liter of milk 2 million (VEF)


How do you want to live in these conditions? It's impossible and that's why the Venezuelan people are starving...

While it stops the access to platforms like Coinbase and MercaDollar, while PETRO also a currency of exchange creates the same government but cannot use it because they do not have access to the nothing that is outside the country...

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Even this one doesn't have any interest because he can't make any transaction with the outside, and he can't use crypto-money even if we had heard that he had access to anonymous crypto but it's not the case...

 

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