Venezuela cracks down on black market exchange rate platform Monitor Dolar, pricing source encrypted platform El Dorado has closed local services

According to Foresight News, Bloomberg reported that the Venezuelan government has severely cracked down on a social media account called "Monitor Dolar," which provides exchange rates for Venezuelan Bolivars on the black market, and arrested nearly 20 individuals associated with it. The encryption platform El Dorado is one of the pricing sources for Monitor Dolar, and after the arrest incident, the platform closed its business in Venezuela. Venezuelans have started to turn to other sources of currency exchange, such as cryptocurrency exchanges.