Venezuela Could Be Shifting to the US Dollar: Is It Bad for Crypto?

Venezuela is moving closer to formal dollarization, with economist Steve Hanke drafting a bill to abolish the bolivar. According to reports, the National Assembly appointed him as a special adviser this month. The Johns Hopkins economist drafted a full dollarization law that would abolish the bolivar and the central bank. He puts the odds of The post Venezuela Could Be Shifting to the US Dollar: Is It Bad for Crypto? appeared first on BeInCrypto .