US Discusses Seizing Cryptocurrency Assets Tied to Venezuela

US authorities are considering the possible seizure or freezing of significant cryptocurrency assets linked to Venezuela, according to CNBC, citing sources.

The discussion revolves around information regarding a secret stash where, according to the publication, up to 600,000 bitcoins could be held. It is noted that these assets have presumably been accumulated from oil and gold sales, as well as transactions involving the USDT stablecoin, bypassing international sanctions.

The report highlights that the information presented has not been officially confirmed by Venezuelan or US authorities.

Analysts estimate that if such a volume of cryptocurrency assets were to be frozen and remain out of circulation for a prolonged period, it could impact the market. Specifically, it is mentioned that in such a scenario, approximately 3 percent of the total circulating supply of bitcoin might become temporarily unavailable.

Experts do not rule out that this scenario could affect the price dynamics of bitcoin, although the market's potential reaction depends on numerous factors and currently remains at the level of analytical assessments.