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Venezuela’s cryptocurrency legal framework established as Petro comes into the fore

Venezuela has been at the forefront of a revolution in terms of both governmental shifts as well as its economic framework. The establishment of Juan Guaido as the acting president of Venezuela has been met with clashes and disagreements by the supporters of the current president, Nicolas Maduro.

Another system established by the incumbent President was to do away with the crumbling Bolivar and replace it with Petro, Venezuela’s native cryptocurrency. The ‘Sovereign Bolivar’ has been a much talked about topic within the country as well on an international scale.

According to the latest report from within Venezuela, it is known that the decree establishing a legal framework for cryptocurrencies in Venezuela has entered into force. The document titled “Constituent Decree on the Integral System of Crypto Assets” has been published in the country’s official gazette with over 63 articles present in it. The articles are aimed to ensure legitimate transactions as well as…

Read Full Story : AMBCrypto

2019-02-04 13:30:43

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