Peer-to-peer (P2P) crypto marketplace LocalBitcoins said it has “no plans” to leave Venezuela – despite the United States Treasury-endorsed sanctions that have already forced one of its rivals to close down its operations in the South American nation.
As previously reported, the Office of Foreign Assets Control (OFAC), the Treasury’s financial intelligence and enforcement agency, has placed a new set of sanctions on firms doing business with Venezuela and the Nicolás Maduro regime.
The Paxful exchange cited “regulations and sanctions related to the OFAC” as its reasons for shutting shop in Venezuela.
However, a LocalBitcoins spokesperson told Our,
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