Golden Finance reports that as Venezuelan citizens turn to digital assets to withstand the impacts of currency collapse and tightening government controls, Crypto Assets are becoming a core component of its economy. According to Chainalysis's 2024 Crypto Assets Adoption Index report, Venezuela ranks 13th in the world for Crypto Assets adoption, and the report notes that the usage rate of Crypto Assets in Venezuela has risen by 110% within a year.
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Inflation and currency collapse have led to a surge in cryptocurrency adoption in Venezuela.
Golden Finance reports that as Venezuelan citizens turn to digital assets to withstand the impacts of currency collapse and tightening government controls, Crypto Assets are becoming a core component of its economy. According to Chainalysis's 2024 Crypto Assets Adoption Index report, Venezuela ranks 13th in the world for Crypto Assets adoption, and the report notes that the usage rate of Crypto Assets in Venezuela has risen by 110% within a year.