Legal & legislative – Bitfinance

Venezuela merges Foreign Trade and Foreign Affairs Ministries

Marilin Pino — Thu, 16 Jul 2026 18:00:14 +0000

This Monday, July 13, Venezuela’s interim president, Delcy Rodríguez, announced the merger of the Ministry of Foreign Trade and the Ministry of Foreign Affairs.

The official stated that the measure seeks to adapt to a new stage, with the appointment of international relations expert Félix Plasencia, who has extensive experience in diplomacy, as the new foreign minister.

“He will be responsible for directing Venezuelan foreign policy, defending our sovereignty, strengthening cooperative relations, and promoting peace diplomacy in the world,” a statement on Telegram indicated.

Plasencia replaces Yván Gil, the former Minister of Foreign Affairs, who will now serve as the new Minister of Science and Technology, a position previously held by Gabriela Jiménez.

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Una publicación compartida por El Diario (@eldiario)

M.Pino

Source: elnacional

(Reference image source: aboodi vesakaran on Unsplash)

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Government of Venezuela exempts commissions associated with point of sale operations in La Guaira

Marilin Pino — Thu, 16 Jul 2026 14:00:49 +0000

Point-of-sale operations in businesses in La Guaira, Venezuela, will be exempt from paying commissions for 90 days, according to the Venezuelan Banking Association (Asobanca).

In a press release, the association indicated: “The majority of private banks in the country have decided to exempt businesses located in the State of La Guaira, for a period of ninety (90) days, the commissions associated with operations carried out through Points of Sale (POS), with the aim of easing the operational burden and promoting local economic reactivation.”

Some 12,300 private banking points of sale operate in the port state of Venezuela, which represents about 40 % processing commercial transactions. “This figure shows the magnitude of the impact on commercial infrastructure – where businesses suffered severe damage, remain inaccessible or are in the process of reopening – and establishes the great challenge for the coming days and months: ensuring that this percentage increases progressively as the area advances in its recovery and stabilization.”

Asobanca will accompany the commercial reactivation process in the state, together with private banking in order to evaluate the particular situation of each business.

With an accurate diagnosis, it will be possible to review current credit conditions, “payment facilities and support schemes adapted to the real needs of each establishment.”

M.Pino

Source: ultimasnoticias

(Reference image source: Ali Mkumbwa on Unsplash)

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Nayib Bukele will present his candidacy for a third term

Marilin Pino — Wed, 15 Jul 2026 20:00:32 +0000

The Nuevas Ideas party of El Salvador published on its website the results of the internal elections, where the current president of the country, Nayib Bukele, obtained the necessary votes to register his candidacy for the presidential elections on February 28, 2027.

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Una publicación compartida por Diario Libre (@diariolibre)

Although the report does not show the percentage of votes obtained by Bukele or if there was another candidate, the truth is that the current president must register his candidacy with the Supreme Electoral Tribunal (TSE) before November 19, 2026.

This would be the third term for Bukele, currently 44 years old, amid stories for and against his internal policies on security and finance. Despite the situation, Bukele maintains a high percentage of popularity thanks to the reduction in violence and control of armed gangs.

M.Pino

With information from national and international media and social networks

(Reference image: Social Network X, @RevistaPolitico)

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EU mandates driver monitoring cameras in new cars

Marilin Pino — Fri, 10 Jul 2026 18:00:50 +0000

A new regulation that came into effect in the European Union on Tuesday, July 7, mandates the installation of a driver monitoring infrared camera in all new cars and light commercial vehicles registered in the 27 member states.

Although criticisms have arisen regarding privacy violations, “the requirement is part of the final phase of the General Safety Regulation (Regulation 2019/2144), a regulatory update that began to be implemented gradually from 2022 and now extends its requirements to all new vehicles sold within the bloc,” as detailed by Cryptopolitan.

In any case, the authorities’ priority is the safety of both the driver and occupants of the vehicle, as well as pedestrians. In this regard, the “European Commission maintains that this set of measures will save more than 25,000 lives and prevent around 140,000 serious injuries between 2025 and 2038.”

In practice, the infrared camera will allow for the continuous analysis of parameters such as gaze direction, blink rate, yawning, and other indicators associated with driver distraction or fatigue, with image processing occurring within the vehicle. This does not involve video storage or biometric identification of the driver.

The regulation is part of a broader package of safety measures for all new cars sold in the European Union. The main requirements are:

Automatic emergency braking capable of detecting pedestrians and cyclists.
Driver distraction monitoring system using an infrared camera.
Improvements to the cabin design to widen the driver’s field of vision.
Grip tests performed with worn tires instead of new ones.
Safety glass with greater capacity to reduce pedestrian injuries in the event of a collision.

M.Pino

Source: diariobitcoin

(Reference image source: Marc Pagliuca on Unsplash)

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Brazil and France strengthen cooperation on cross-border security

Marilin Pino — Thu, 09 Jul 2026 13:00:55 +0000

The recent visit to Brazil by French Foreign Minister Jean-Noël Barrot served to strengthen bilateral cooperation on cross-border security.

During the meeting, both nations signed a roadmap for cooperation in the fight against drug trafficking, environmental crimes, and various criminal organizations that have expanded into French Guiana in recent years.

Regarding this, Barrot stated: “This roadmap will facilitate human and economic exchanges (…) but also strengthen our joint action against all types of crime, especially drug trafficking and environmental crime.”

The measure includes the suspension of visas for Brazilians entering French Guiana, effective July 31, which will aid in the “fight against crime by providing greater registration and information gathering,” according to Brazilian Foreign Minister Mauro Vieira.

M.Pino

Source: swissinfo

(Reference image source: Kristiina Klaas on Unsplash)

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Earthquake victims to receive aid for six months

Marilin Pino — Wed, 08 Jul 2026 20:00:28 +0000

The Venezuelan government indicated that economic aid will be allocated to those affected by the earthquakes for six months.

Likewise, the Executive Branch approved a decree for “the start of a subsidy plan of up to 80% on the mortgage loan portfolio for the repair and purchase of homes.”

Banking resources will be used to facilitate housing solutions. “The funds originate from capital held abroad.”

On the other hand, the government decided to eliminate “taxes on real estate transactions carried out in protected areas”; a measure that applies to commercial and institutional transactions.

M.Pino

Source: bitacoraeconomica

(Reference image source: Scott Blake on Unsplash)

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Venezuelan Banking Association warns of fake humanitarian aid accounts

Marilin Pino — Tue, 07 Jul 2026 17:00:33 +0000

The Venezuelan Banking Association (ABV) has spoken out about fake accounts collecting funds and humanitarian aid for disaster victims in Venezuela following the earthquakes.

The organization “detected the proliferation of fundraising channels of dubious origin, a fraudulent practice that seeks to divert financial contributions from their true charitable purpose.”

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Una publicación compartida por Asociación Bancaria de Venezuela (@asobancave)

The ABV has recommended several preventative measures to the public to avoid becoming victims of scams and, above all, to help ensure that all donations effectively reach those who need them most.

Some of the ABV’s suggestions are:

Make donations through a duly registered NGO, as well as corporate foundations or recognized charitable institutions.
Prioritize transfers to accounts in the institution’s name and avoid methods like mobile payments or transfers to individuals, except when you fully trust them.
Never reveal personal information, user passwords, or OTP codes via calls, messages, or social media.
Discard any suspicious links and verify that you are using an official application.

M.Pino

Source: alnavio

(Reference image source: Expressa Digital on Unsplash)

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In Venezuela, the State of Emergency is in force due to the earthquakes of June 24

Marilin Pino — Tue, 07 Jul 2026 13:00:12 +0000

After the earthquakes of June 24, Venezuela decreed a State of Emergency throughout the territory, through Extraordinary Official Gazette No. 7039.

Through Decree 5,364, dated June 24, the State of National Emergency was declared to deploy technical, human, financial or material resources to address the harmful effects caused by seismic events.

According to the information published in the OG, the General Staff was formed, made up of the Sectoral Vice Presidents of Politics, Citizen Security, Economy, Public Works and Services, Social and Territorial Socialism and Science, Technology, Education and Health.

The guidelines were established for the action plan that defines the “forms and modalities of participation of citizens, as well as private legal entities, in response to disasters in the affected areas as well as the rehabilitation or reconstruction that may be necessary.”

Likewise, Juan Ernesto Sulbarán Quintero was appointed the Sole Authority to respond to the harmful effects caused by said seismic events.

On the other hand, the National Directorate of Civil Protection and Disaster Administration has the power to dictate, by way of exception, the pertinent measures to guarantee the basic services necessary to citizens, as well as the restitution of the affected infrastructure and the overcoming of the inconveniences caused.

It was also established that “the Ministry of Popular Power for Interior Relations, Justice and Peace, directly or, through the National Directorate of Civil Protection and Disaster Administration, may dictate and execute, or have executed, the temporary occupation of public and private institutions and establishments, lots of land or areas that are required for the care of the affected population and sectors and may also execute, or have executed, the requisitions of goods and services essential for the satisfaction of the needs of the affected population.”

These are some of the most notable provisions of the Extraordinary Official Gazette No. 7,039, which govern the country.

M.Pino

With information from national media, Imprenta Nacional and Ministerio del Poder Popular para la Comunicación e Información

(Reference image source: Sasun Bughdaryan on Unsplash)

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Cryptocurrency hacks in June reach $76 million

Marilin Pino — Sat, 04 Jul 2026 14:00:34 +0000

Cryptocurrency thefts last June totaled $76 million. Hackers managed to obtain the passwords of thousands of customers on platforms such as Syscoin Bridge, Polymarket, Secret Network, and Humanity Protocol, among others.

The estimated number of hacks was 40, according to security firm PeckShield. Among the most relevant aspects of these thefts, the company highlights “bridges between networks, poorly protected smart contracts, and compromised private keys.”

The losses were broken down as follows: Humanity Protocol lost over $30 million; Syscoin Bridge, $10 million; the Maximal Extractable Value (MEV) bot (JaredFromSubway.eth), $7.5 million; and Secret Network, $4.67 million.

Similarly, Aztec Payments lost $2.16 million, and Aztec Connect recorded losses of $2.1 million. Polymarket lost $3 million; SecondFi and TESSERA each recorded losses of $2.4 million; and Taiko Bridge suffered losses of $1.7 million.

The hackers attacked using malware and phishing, among other methods, to steal customer assets across various platforms, protocols, bridges, bots, and networks.

M.Pino

Source: diariobitcoin

(Reference image source: Shubham Dhage on Unsplash)

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CAF announces the Venezuela recovery and reconstruction fund

Marilin Pino — Wed, 01 Jul 2026 20:00:58 +0000

The Development Bank of Latin America and the Caribbean (CAF) announced the creation of the Venezuela Recovery and Reconstruction Fund, which will begin with a seed capital of $1 million.

This amount is in addition to the $300,000 allocated by the organization as humanitarian aid to assist the population after the earthquakes of June 24. The priorities are to respond to the urgent needs in the country, and to carry out recovery and reconstruction after the natural disaster.

This is “a mechanism designed to gather and channel public, private, and international community contributions toward priority needs” following the earthquakes that struck on Wednesday, June 24.

In this regard, the Fund “will allow for contributions from governments, international organizations, companies, foundations, individuals, and other partners, pooling them under a common framework for administration and accountability, and directing them toward the initiatives defined and prioritized by the Government of Venezuela.”

Sergio Díaz-Granados, Executive President of CAF, stated that the mechanism was designed to adapt to the different stages of the response, with immediate attention in the first stage, “through humanitarian aid, essential supplies, and support for the institutions in charge of the emergency. Subsequently, the rehabilitation of critical services in areas such as health, water and sanitation, energy, education, and connectivity; and finally, recovery and resilience, with a focus on early reconstruction, the restoration of livelihoods, and reducing vulnerability to future events.”

M.Pino

Source: caf

(Reference image source: Barthelemy de Mazenod on Unsplash)

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