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RE: Venezuelan Banking System Dollarization Process
hi @juanmolina - every time you read something about what is happening in Venezuela, I become more shocked at the behaviour of the government there. I wasn't aware of this so thanks for informing us. Do you believe given the collapse of the national fiat currency the government thought they were losing control through cyrptocurrency? Is this a move to bring a stable currency in that they can control and tax?
We Venezuelans have learned that our government never acts with a single intention. There are always hidden causes behind any action, which only seek to obtain illicit profits.
If a "Legal" Dollarization were established in Venezuela, the tax collection could be made in American currency. Yesterday, the US State Department said that it would not approve a dollarization for Venezuela under any term.
In this way, this process would have to be imposed manually "Not Legal". Thus, in the same way, new taxes could be created which would require the depositors to pay in American currency.
This government has no scruples whatsoever.
Let's hope positive change occurs.
Let's hope...