The Venezuelan digital economy has turned 180 degrees. With the recent easing of sanctions (General License 57 from OFAC), public banking has regained its ability to operate globally. This movement is not just a diplomatic news; it is an earthquake for the crypto asset market and the P2P (Peer-to-Peer) system that for years was the only refuge for Venezuelans.
1. The Sunset of P2P as the Only Alternative
During the blockade, the P2P market was the only way to connect bolívares with the crypto world. Today, the operation of public banking introduces institutional competition that changes the rules of the game: