HOW MADURO’S DICTATORSHIP USES CRYPTOCURRENCIES TO DESTROY DEMOCRACY IN VENEZUELA⚡️⚡️⚡️

NGO Transparency Venezuela denounces that Nicolás Maduro’s regime uses cryptocurrencies as a tool for corruption, political control, and evasion of international sanctions.

According to the report, between 2017 and 2025, the Petro —presented as a “sovereign crypto asset”— served as a façade to divert public funds and trade oil opaquely. The so-called PDVSA-Crypto scheme caused an estimated $16.95 billion embezzlement.

The operation was led by Tareck El Aissami and former crypto superintendent Joselit Ramírez, both now detained. During that period, El Aissami held absolute control over Venezuela’s crypto system, manipulating institutions like Sunacrip, the Crypto Assets Treasury, and the Mining Registry.

After the collapse of the Petro in 2024, the regime launched a new phase using stablecoins such as USDC and USDT, operated by private companies linked to power —like Kontigo and Crixto Pay— to conduct massive, unregulated transactions.

Transparency Venezuela warns that this new scheme enables money laundering, currency arbitrage, and sanctions evasion, turning the regime’s crypto system into a parallel network of state corruption.

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