Story thread · 2 reports / 2 sources

Venezuela Could Be Shifting to the US Dollar: Is It Bad for Crypto?

beincrypto.com · 2hShare

Venezuela is moving closer to formal dollarization, with economist Steve Hanke drafting a bill to abolish the bolivar. According to reports, the National Assembly appointed him as a special adviser this month. The Johns Hopkins economist drafted a full dollarization law that would abolish the bolivar and the central bank. He puts the odds of The post Venezuela Could Be Shifting to the US Dollar: Is It Bad for Crypto? appeared first on BeInCrypto .

First report: Exclusive: Venezuela, sick with hyperinflation, engages the ‘money doctor’ Steve Hanke for a dose of dollarization medicine — fortune.com, 1d