The recent announcement of the bank of England denying Venezuela from withdrawing their gold supplies is proof we need decentralized assets.

US officials have requested their allies to disconnect Maduro’s regime from collecting its assets abroad. The US sees Maduro as a threat with winning a rogue election and taking power unlawfully and demand another election.

The Venezuelan Army has propped up president Maduro so he has not accepted defeat with America and their allies tightening their grip causing severe economic effects in Venezuela.

There is currently $8 Billion worth of Venezuela assets in foreign custody.

What If It Was In Crypto?

The saying “not your keys, not your Bitcoin” comes to mind a saying said by crypto expert Andreas Antonopolous.

If Venezuelan held its assets in Bitcoin or another cryptocurrency they would have the key to there funds at all times without anyone declaring you can’t release their own money.

Bitcoin is a fully decentralized asset with no governance its a fairer and more inclusive system than fiat/government currency, and especially because it cannot be sanctioned or censored.

Cryptocurrencies Could Stop Sanctions In Venezuela

Only 56% of the Venezuelan population hold bank accounts but over 90% of the people have smartphones. Cryptocurrencies have the technology to send and receive tokens via blockchain on mobile phones helping the people trapped avoid outside government sanctions.

Cryptocurrencies are the answer to stopping governments around the world accessing your own assets.