Warning about the use of currencies from Banco de Venezuela (BDV) on Binance P2P
Buying currencies through exchange-rate intervention in public banking (such as BDV) with the intention to transfer them to cryptoassets and resell them in the P2P market to generate profits involves serious legal and financial risks in Venezuela.
Bank Block Risk: SUDEBAN actively monitors bank accounts for discrepancies between the user’s transactional profile and frequent transfers with third parties in P2P. This often results in preventive blocking and permanent disabling of the bank account.
Legal Classification: The Public Prosecutor’s Office and penal investigation bodies often categorize repeated arbitration involving currencies obtained from the official bank as an unauthorized exchange-rate maneuver or an award through deception.
Risk of Money Laundering: In P2P transactions, receiving funds from third-party accounts that have not been verified may link your account to investigations into illicit origin or scams, exposing you to criminal liability under the Organic Law against Organized Crime.
Costs and Fees: The administrative fees applied by banking entities are legal under BCV regulations and do not constitute a legal mitigating factor to justify informal currency trading.
If you use P2P trading, make sure to operate with the highest level of due diligence at all times, verify that the ownership of the bank accounts matches the Binance profile, and avoid using funds from state auctions or exchange-rate interventions for commercial arbitrage purposes.