$99,959.00
3.05%$2,009.85
10.29%$2.24
5.10%$618.82
2.75%$157.91
8.03%$0.999973
-0.00%$0.187249
9.19%$0.727396
8.82%$0.250282
1.51%$1,999.84
9.91%$99,584.00
2.63%$3.78
13.73%$15.02
9.97%$20.97
8.31%$0.27766
7.26%$416.59
14.05%$2,394.52
9.55%$8.77
1.03%$0.00001374
7.62%$1.00
0.00%$0.18862
7.88%$3.13
3.88%$21.82
3.10%$92.51
3.49%$4.26
8.26%$2,007.54
10.17%$296.78
3.67%$1.00
-0.01%$4.38
1.94%$2,131.38
9.25%$1.001
0.01%$99,868.00
2.93%$0.626493
7.68%$29.25
1.78%$0.00000964
18.91%$407.01
12.62%$1.051
0.01%$5.16
9.18%$5.29
9.94%$52.09
1.97%$2.54
11.12%$0.941783
9.27%$190.01
11.26%$1.00
0.00%$0.095652
4.34%$17.48
8.79%$21.58
1.93%$4.91
7.15%$0.095921
5.23%$0.737269
4.07%$12.37
14.65%$30.80
3.50%$4.60
10.18%$0.02681503
7.82%$1.001
0.07%$0.232674
6.50%$1.17
-0.02%$99,589.00
2.74%$4.38
5.78%$0.737509
9.47%$4.35
0.70%$2.78
8.39%$0.213311
7.22%$0.309299
16.27%$0.559268
11.10%$2.62
9.97%$0.339872
12.18%$4.29
4.47%$0.997447
-0.14%$0.00001891
13.38%$0.954672
10.39%$1.017
10.02%$94.92
5.32%$1,639.57
11.99%$10.85
0.57%$0.457854
9.60%$165.69
7.93%$0.839337
8.35%$0.01947309
0.64%$1.22
-1.46%$2,007.26
10.16%$0.075594
4.17%$1.14
15.38%$2,086.86
9.97%$99,181.00
2.68%$1.73
27.94%$0.215333
8.74%$4.05
7.25%$0.592106
11.55%$0.647564
9.75%$1.001
0.07%$10.70
12.56%$198,188.00
106.10%$0.734538
9.97%$0.09869
8.96%$2,274.72
10.03%$1.00
-0.01%$0.01407661
32.69%$0.99969
-0.01%$618.89
2.75%$14.70
-1.20%$204.40
8.33%$3,351.83
-1.03%$0.00008551
13.28%$175.18
8.17%$0.01682241
8.45%$100,072.00
3.44%$0.889823
15.17%$3,358.96
-0.92%$1.00
0.00%$2.72
13.51%$0.78665
10.43%$0.219002
7.42%$39.09
8.70%$100,340.00
3.17%$98,912.00
2.91%$2,148.94
10.82%$0.608353
11.22%$0.736367
3.93%$0.01651311
10.13%$0.296342
9.65%$0.00000073
4.76%$3.92
4.06%$2.17
8.08%$0.116809
6.80%$20.04
13.24%$41.40
8.68%$0.066554
24.67%$0.99783
0.00%$0.01919234
13.66%$0.64311
16.44%$2,094.29
9.81%$1.00
0.16%$0.393575
6.83%$0.575432
7.29%$1.12
1.94%$3.65
15.13%$0.316094
7.40%$0.696626
15.70%$1.72
8.36%$2,098.57
9.72%$0.592192
20.31%$0.145488
9.02%$0.00910697
10.85%$0.00560079
4.16%$0.435634
12.54%$99,402.00
2.58%$110.97
0.01%$0.999467
0.08%$0.453742
5.10%$0.999907
-0.01%$7.36
9.24%$0.187179
9.00%$0.190941
15.53%$99,674.00
2.86%$0.065926
0.39%$0.480927
14.75%$1.32
6.35%$0.598186
7.77%$16.31
7.15%$0.999896
-0.02%$0.00002241
6.93%$2,007.08
10.13%$95,321.00
0.32%$0.140191
8.78%$1.58
5.70%$2,139.98
10.27%$2,007.33
10.14%$0.530337
9.59%$0.00806586
13.17%$5.98
7.37%$0.00000042
1.87%$1,997.21
10.58%$1.67
3.15%$1.014
1.28%$0.164219
2.90%$2.54
9.37%$1.086
0.04%$2,038.68
8.87%$0.00591771
10.10%$0.04219616
9.15%$0.153065
1.46%$0.086304
10.62%$3.29
12.28%$2,009.67
10.30%$0.076794
6.51%$1.46
13.77%$0.232283
6.31%$41.54
7.84%$0.00000093
31.97%$0.383937
5.69%$0.548528
12.06%$32.52
0.66%$1.001
0.13%$0.365693
-3.82%$21.56
1.11%$0.176479
3.74%$0.03550352
3.83%$0.00413912
3.87%$0.01810752
2.19%$1.001
0.04%$0.578421
28.51%$0.00006144
5.02%$0.801271
3.89%$1.36
7.35%$0.723756
11.60%$0.298645
16.25%$1.004
0.33%$0.324022
10.28%$1,995.35
10.23%$0.708232
6.51%$1.00
-0.00%$99,800.00
2.96%$1.00
-0.00%$118.38
8.81%$99,761.00
2.94%$0.00000145
-1.78%$0.00296219
5.59%$1.099
0.12%$0.234065
6.62%$2,111.63
9.50%$2.59
7.32%$21.02
8.55%$0.03383267
8.48%$21.82
3.31%$0.204817
8.47%$1.00
0.03%$3,356.08
-0.96%$1.32
-18.18%$22.53
5.45%$3.37
9.23%$2,203.50
10.18%$0.542583
4.41%$3.31
20.72%$0.267374
6.05%$0.00298965
12.10%$2,190.65
10.29%$0.956639
25.34%$2.78
8.14%$15.89
8.82%$2,003.59
2.84%$0.00346296
11.54%$2,007.44
10.15%$0.03699071
5.70%$21.82
3.24%$1.55
1.48%$2,160.80
10.03%$0.01281736
7.25%Reading
This morning, Venezuelan users of Paxful, a North American Bitcoin exchange, received an email in which the platform thanked them for their use and said goodbye.
"Due to concerns regarding the regulatory landscape around Venezuela and Paxful's own risk tolerance, we regret to report that Paxful will be ceasing operations in Venezuela," said the platform in a statement shared with Decrypt, "We made our best efforts for several months, but with current risks, we had no choice but to make this incredibly difficult decision.”
If the situation changes, Paxful indicated, it could start offering services again in the country.
The platform had acted in the past to restrict the activities of Venezuelans. This summer, it banned the use of accounts from Banco de Venezuela—the largest bank in the country. Later, it forbid the use of Petros or any other transaction between exchanges that support the state-sanctioned cryptocurrency.
In a Twitter post, Paxful's team clarified that the onerous regulations it's referring to aren’t from Venezuela but are instead related to the Office of Foreign Assets Control (OFAC), part of the US Department of the Treasury.
A nuestra familia Paxful en Venezuela,
Hoy, nos entristece anunciar que Paxful dejará de operar en Venezuela.
Esperamos que haya otra oportunidad de ingresar a la región nuevamente en el futuro cercano. Este no es el fin.
Gracias siempre.
El equipo de Paxful LATAM pic.twitter.com/sAkdKIg1Sb— Paxful LATAM (@paxful_LATAM) September 14, 2020
OFAC sanctions against Venezuela prevent Americans from doing business with the Venezuelan government or government-owned businesses as well as a litany of other things. They also add paperwork for financial institutions in the country.
The regulatory costs may not have been worth it to Paxful, which doesn’t do that much business in the country. According to data from Useful Tulips, while LocalBitcoins moved more than $4.5 million last week in Venezuela, the North American exchange reported business of less than $25,000 dollars.
Other exchanges, however, have a different appetite (and budget) for risk. Several new options have started offering their services in Venezuela—from centralized exchanges like Binance to decentralized trading platforms like HodlHodl.
