Best of 35 West: Venezuela’s Cryptocurrency Experiment

Margarita R. Seminario sits down with Moises Rendon, CSIS Senior Associate and the former director of the Future of Venezuela Initiative. Moises introduces the world of cryptocurrencies and outlines key differences between decentralized and public currencies, such as Bitcoin, and state-sponsored cryptocurrencies, like the Venezuelan Petro. They discuss why cryptocurrencies have become so popular in Venezuela, and how they are transforming the humanitarian sector. This episode was first released on March 18, 2021.

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The CSIS Americas Program podcast looks at the politics and policies of the 35 countries in the Western Hemisphere. It especially focuses on U.S. engagement with the region, whether on trade, diplomacy, or security issues like drugs and terrorism. Guests include top policymakers from the U.S. and other countries.