Venezuela extends digital asset regulator Sunacrip’s reorganization by half year
Sunacrip was shut down in March, and its founding president, Joselit Ramirez, was arrested; President Maduro has extended the reorganization to March next year.
Sunacrip was shut down in March, and its founding president, Joselit Ramirez, was arrested; President Maduro has extended the reorganization to March next year.
Digital assets are at the center of a national oil scandal in which $20 billion is reportedly missing, with the country’s top Bitcoin regulator now in prison on corruption charges.
Facing corruption charges, Joselit Ramirez was booted out from President Nicolás Maduro's Sunacrip, the agency overseeing the country's digital asset sector, following an overhaul.
LocalBitcoins was one of the pioneers of P2P digital asset trading and introduced many to the industry, but it chose to stick to BTC and it’s now gone.
Seven people alleged to be criminal enablers of Russian oligarchs could land three decades in the U.S. jail over charges of using shell companies and virtual assets to evade global sanctions.
The exchange was beloved in Venezuela, but it says the sanctions have made operations almost impossible, further constricting the Venezuelan digital currency market.
To protect the bolivar, the government is reportedly going after digital currency users, imposing a 20% tax on BTC transactions to curb its growing usage for payments in the South American country.
After years of experimenting with the controversial Petro digital currency, Venezuela is now set to launch the digital bolivar, the country’s version of a central bank digital currency.
President Nicolas Maduro recently told Venezuelans that his government is working on a digital bolivar, promising a big surprise announcement soon.
The two reportedly used obfuscation protocols to cover their tracks, but police managed to track the heist to a company they are associated with.
The Venezuelan army has begun block reward mining to secure funds, in a bid to stave off the effects of economic collapse in the country.
Any local block reward mining operator must first obtain a license from the government, and be listed on a government register.