Venezuela cracks down on black market exchange platform Monitor Dolar; pricing source crypto platform El Dorado has shut down local services

According to Foresight News and Bloomberg, the Venezuelan government has cracked down on a social media account called "Monitor Dolar," which provided exchange rates for the Venezuelan bolívar on the black market, and has arrested nearly 20 individuals associated with it. The crypto platform El Dorado was one of Monitor Dolar's pricing sources. Following the arrests, the platform shut down its operations in Venezuela. Venezuelans have begun turning to other currency exchange sources, such as cryptocurrency exchanges.