Venezuela to Integrate Bitcoin into National Banking System: Official Launch Planned for 2025

In a move that could reshape the global financial landscape, Venezuela is set to formally integrate blockchain technology into its national banking system by December 2025. The initiative, led by financial technology provider Conexus, will enable citizens to deposit Bitcoin and stablecoins, conduct crypto-based transactions, and seamlessly convert between fiat currencies and digital assets within a regulated banking framework. This marks a significant shift from the country’s reliance on informal cryptocurrency exchanges for everyday needs, which has seen Venezuela’s population turn to stablecoins like Tether as a lifeline against rampant inflation.