TLDR
- Venezuela will allow banks to handle Bitcoin and stablecoins through its national payment network starting December 2025.
- Conexus manages nearly 40% of Venezuela’s electronic transfers and is developing the blockchain-based banking system.
- Banks in Venezuela will offer custody, transfers, and fiat exchange services for Bitcoin and USDT under official regulation.
- President Rodolfo Gasparri stated that Venezuelans increasingly use stablecoins to protect savings from currency fluctuations.
Venezuela will allow banks to handle Bitcoin and stablecoins through its payment network. Conexus, the country’s largest payment processor, is building a blockchain system for digital assets. The platform is expected to launch in December 2025 and will enable custody, transfers, and fiat exchanges.
Venezuela Banks Will Manage Bitcoin and USDT
Conexus controls nearly 40% of electronic transfers in Venezuela. The company is developing infrastructure that enables banks to manage Bitcoin and USDT directly. This integration marks a shift in how Venezuela approaches digital currency regulation.
President Rodolfo Gasparri leads the initiative at Conexus. He stated the project addresses currency fluctuations affecting Venezuelan citizens. “We’re working on a blockchain project because currencies fluctuate so much,” Gasparri explained.
Banks will offer regulated crypto services to customers across Venezuela. The system aims to provide secure custody for digital assets. Users will access both cryptocurrency and traditional banking services through a single network.
Stablecoins Become Banking Products
Venezuela has experienced severe currency depreciation and persistent inflation. Citizens are increasingly using Tether and other stablecoins to preserve their purchasing power. Banks will now offer these tools under official oversight and regulation.
Gasparri emphasized the importance of bringing crypto under banking rules.
“People in Venezuela are using stablecoins for hedging,” he said.
Banks will ensure transparent operations and user protection through the new system.
The blockchain platform will regulate Bitcoin and USDT circulation properly. Users gain legal protections when holding digital assets through banks. This framework provides security that informal crypto transactions cannot offer.
December Launch Targets National Coverage
The payment network processes millions of transactions for Venezuela each month. Conexus will integrate blockchain technology into existing banking infrastructure. Financial institutions across Venezuela will connect to the new platform.
Gasparri confirmed that regulated crypto services will transform the asset management industry.
“This system will regulate the circulation of Bitcoin and USDT properly,” he noted.
The initiative gives holders proper protection through banking oversight.
Venezuela positions itself as one of the first countries with nationwide crypto banking. The project comprehensively merges traditional finance with blockchain technology. Banks throughout Venezuela will participate once the system goes live.
Payment Infrastructure Supports Digital Assets
Conexus currently manages Venezuela’s largest electronic payment network. The company’s blockchain system will handle both fiat and cryptocurrency transactions. This dual capability allows seamless movement between traditional and digital money.
Venezuela’s banking sector is expected to gain new revenue streams from cryptocurrency services. Institutions can charge fees for custody, transfers, and exchange operations. The regulated environment attracts users who previously avoided formal banking.
The initiative reflects Venezuela’s response to economic challenges through the use of technology. Digital assets become accessible through trusted banking channels. Customers receive professional services instead of relying on unregulated platforms.
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