The government's Operation Paper Hands that focuses individuals and companies incurring misappropriation and dissemination of flase information on the exchange rate this week has targeted 2 cryptocurrency exchanges: Airtm and RapidCambio. Both provided exchange between the cryprocurrencies and bolivars. Airtm supported the conversion of Zcash, Bitcoin, Bitcoin Cash, Ether, Ripple, Litecoin, Monero, Dogecoin, and Tether. RapidCambio allowed customers to exchange and send remittances using Bitcoin, Ether, Bitcoin Cash, Dash, Litecoin, and Ripple.
These exchanges operate through websites registered abroad as well as Twitter accounts and other social networks. They use international parent bank accounts in the U.S., Chile, Ecuador, and Panama. In those accounts, they received deposits in cash or transfers, and then converted at a high and unreal exchange rate.
Tarek William Saab
Venezuela’s Prosecutor General
RapidCambio has posted a notice on its website stating that it never set or intended to fix market prices and that exchange rates have always been given by the law of supply and demand, as a free market without any imposition.
Unfortunately we are in need to close our operations indefinitely due to the unjust persecution to exchange houses in Venezuela by the National Government.
Thus, the crackdown affects the operation of the exchanges in Venezuela only.