Something that really blows my mind when it comes to using crypto to skirt sanctions is why on God's Green Earth do these countries, entities, people, etc. use a CENTRALIZED stablecoin like USDT. We have seen them in the past freeze accounts laundering funds and skirting sanctions. This is not a new idea and Tether has shown it is pretty darn good at doing this.
It would be different if they used some sort of privacy coin but using a public blockchain and a centralized stablecoin is just the dumbest thing in the world.
I was just talking about this topic with my husband today, it is totally incongruous. If you want to evade the last thing you would use would be THETER. I think they must be up to something, the Venezuelan government seems stupid, but they are not, there is a reason they have been in power for 25 years massacring the country and still no one has been able to stop them, they are a narco government, they have many allies, I believe that That news is just a smokescreen, they know very well that they can transact in private ways, which they surely already do but we are not aware of it. For years I no longer take this type of news from my country seriously, it is just a distracting circus.
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Yeah I agree they are a Narco country and because they keep the armed forces on their side they stay in power. Personally, I see them running into bigger and bigger issues over the coming years because of the huge brain drain that is occurring. I think that is why you have seen them talk about invading their neighbor... they have to distract from the issues at home.
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