Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis

Ernesto, a gastronomic entrepreneur in Cumaná, a coastal Venezuelan city facing the Caribbean Sea, initially thought that Venezuela’s new digital bolivar — English translation of “bolivar digital” — would be similar to a central bank digital currency. He even started talking with friends in different crypto chat rooms about the announcement, until he understood that […]

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