"Grisanti proposes the implementation of a system based on stablecoins integrated into the formal financial system, subject to strict regulation and featuring AML/KYC compliance mechanisms."
"The issuance of a dollar stablecoin specially designed for Venezuela would feature traceability, operational control, and shared auditing with international partners."
Alejandro Grisanti of Ecoanalitica suggests issuing a national USD stablecoin to address currency control issues in Venezuela. This stablecoin would complement the existing auction system, enabling small and medium enterprises to access dollars through blockchain technology. The proposal emphasizes strict regulation, including AML/KYC compliance, and aims to facilitate cash imports for businesses without U.S. banking accounts. The stablecoin would ensure traceability and operational control, enhancing the financial integration of SMEs into the local market.
Read at news.bitcoin.com
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