Bittrex International, the international arm of the American cryptobeurs Bittrex, it will stop providing its services in Venezuela and in 30 other countries. At present there is no clear reason for the consumer.
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Not a very good reason
In an e-mail to a customer in Venezuela, let Bittrex International, and know that the users on the 29th of October, no longer able to trade on its platform. Before that time, one bitcoin (BTC) and the other cryptomunten record.
According to Cointelegraph, and Spanish to a total of 31 countries. These include Afghanistan, Egypt, Bosnia and Herzegovina, Cambodia, cameroon, cote d’ivoire, Ethiopia, and Yemen.
This is speculation, but, most likely, there is something for Bittrex, there is little reason to be in this country to continue to be. If the volume is high, then the services are not likely to be discontinued.
It could also have to do with international and local rules and regulations, but it seems to be now out of the question.
Venezuela
Venezuela is in an economic crisis. The local currency is subject to hyperinflation and bitcoin is a way out of it. It’s not as if people are now flocking to switch to BTC. However, there is not a lot of knowledge, and bitcoin is not a “panacea”, as long as you bitcoin and the economics around you, it is all the way collapsed it is not the same, everything is solved.
Did you go up with BTC, but (some of) the traditional financial services world-a world of fiat currencies. Venezuelan migrants are as low as $3.700 billion euros in Bitcoin (BTC) this year.
For the Venezuelans who are interested in bitcoin, there are local options. Where is Bittrex and the doors are closing, look at other companies of business opportunities. As the largest retailer in Venezuela, which opened earlier this year, a bitcoin atm is available.
The government of Venezuela is trying all sorts of methods to stay in power. To get the monetary system for a pick-me-up to give you the gifts they have this year, and in a cryptomunt out, backed by the us dollar. That, however, has little to do with bitcoin and decentralized money.
Source: Cointelegraph
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