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.
Key Takeaways
- 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.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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