Venezuelan Government Cracks Down on Black Market Exchange Rates

According to Foresight News, the Venezuelan government has taken stringent measures against the social media account 'Monitor Dolar,' which provided exchange rates for the Venezuelan bolivar on the black market. Nearly twenty individuals associated with the account have been arrested. El Dorado, a cryptocurrency platform that was one of the pricing sources for Monitor Dolar, has ceased its operations in Venezuela following the arrests. In response, Venezuelans are increasingly turning to alternative exchange sources, such as cryptocurrency exchanges.