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Jai Hamid

U.S. expected to freeze Venezuela's large Bitcoin reserves after Maduro arrest in New York

The United States is reportedly preparing to freeze and assume control of Bitcoin associated with Venezuela following the capture of Nicolás Maduro on narco-terrorism charges in New York. Reports suggest Venezuela may secretly hold as much as 600,000 BTC, far above its declared 240 BTC, and the news coincided with a sharp Bitcoin rally above $94,000 as traders reacted to potential changes in Venezuelan oil supply and inflation expectations.