![Venezuela Offer ‘Unique Crypto Utility’ Amid Hyperinflation: Report Venezuela Offer ‘Unique Crypto Utility’ Amid Hyperinflation: Report](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/10/Venezuela-Ranchos-gID_7.jpg@png)
Hyperinflation and authoritarianism have constantly placed Venezuela in the sweet spot for a national cryptocurrency model. Whether for protection from its collapsing bolívar or to escape Nicolás Maduro’s strict regime, tech pundits are…
![Binance excludes Banco de Venezuela from P2P payments Binance excludes Banco de Venezuela from P2P payments](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-08/2502a0a4-64b4-45c6-a14e-32b53e213798.jpg)
The world’s largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is…