Bitcoin mining becomes a legal activity in Venezuela

According to a new decree of the SUNACRIP, the commercialization, importation and creation of equipment may be regulated

This September 21, a decree issued by the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) was made official where it establishes the regulation of cryptocurrencies in Venezuelan territory.

The decree published in the Official Gazette under file number 41,969 and signed by Joselit Ramirez, superintendent of SUNACRIP, stipulates that “those residents interested in legally mining bitcoin and other cryptocurrencies must request a license from the entity.”

To obtain said license, interested citizens must formalize the Comprehensive Registry of Miners (RIM), according to Providence 084-2020, and submit the respective documentation to the regulatory body. During the process, the person must specify their mining activity, be it marketing, importing or use of mining equipment.

Although the cost to manage the licenses is unknown, the RIM web application will publish the prices of these legal procedures soon.

The document also indicates that the competent authorities will remain vigilant in both the creation and importation of mining in the country. Similarly, bitcoin mining farms and other cryptocurrencies may be operated only with the support of the State, which leads to a respective inspection by the SUNACRIP, without exceptions.

K. Villarroel

Source: criptonoticias

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