U.S. authorities have indicted Venezuelan President Nicolas Maduro for involvement in drug trafficking. Allegedly, the drug cartel led by Maduro used cryptocurrencies for money laundering purposes.
Bitcoin popularity is gaining steam in Venezuela. More and more of the country’s inhabitants see it as an alternative for Bolivar, the Venezuelan currency losings its value at the speed of an express train. Cryptocurrency’s popularity amongst locals is confirmed by record-breaking trade volumes at local exchanges.