Crypto exchange Kontigo suspends US accounts for Venezuelan customers – DL News
- Exchange says it is working on a solution.
- Relations between Washington and Caracas at lowest ebb.
- Inflation still soaring in Latin American nation.
Crypto exchange Kontigo has frozen US-bank services for its Venezuelan users, cutting off thousands of people who depend on the platform to store and move US dollars in an economy hit by hyperinflation.
The San Francisco-based company, which describes itself as “a USDC Smart Neobank for Latinos in the U.S. and Latin America”, said on X on November 21 that its United States-based bank account provider has “ordered a temporary suspension of services.”
“We are working on finding a solution for you,” Kontigo wrote to its Venezuelan customers. “Our commitment remains intact, both to you…
