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Venezuelans Turn to Bitcoins to Bypass Socialist Currency Controls

Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases - and launch a little subversion. Two New York-based Venezuelan brothers hope this week to start trading on the first bitcoin exchange in the socialist-run country, which already has at least several hundred bitcoin enthusiasts. Due to currency controls introduced by late president Hugo Chavez a decade ago, acquiring hard...

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