VOICED : Minar bitcoins peligroso escape de venezolanos a la inflacion

In Venezuela, many citizens use Bitcoin to bypass strict currency controls and protect their finances from extreme inflation, which could reach 1,400% this year. The use of cryptocurrencies allows access to global markets, especially for purchasing unavailable goods like medicine. The rise in cryptocurrency transactions began in 2014 amid an economic crisis. While some earn significant income through mining, others face challenges due to the lack of regulation and accusations of energy theft. Despite not being illegal, miners are often targeted by authorities for their high electricity consumption.

Why do many Venezuelans turn to Bitcoin?

• To purchase luxury goods

• To evade taxes

• To bypass currency controls and combat inflation

• To invest in real estate

What is one reason for the rapid adoption of cryptocurrencies in Venezuela?

• To increase local currency value

• To reduce energy consumption

• To access global markets and buy unavailable goods

• To avoid government surveillance

When did the growth of cryptocurrency transactions begin in Venezuela?

• 2016

• 2012

• 2010

• 2014

What is a major challenge faced by cryptocurrency miners in Venezuela?

• Lack of internet access

• High taxation rates

• Energy consumption leading to government scrutiny

• Scarcity of mining equipment

Why do intelligence services detain cryptocurrency operators in Venezuela?

• For illegal trading

• For tax evasion

• For energy theft

• For money laundering