The crypto-financial services company Crixto Venezuela C. A. announced last week that its Crixto Pay mobile application is now available to use cryptocurrencies for payments in bolivars in the country.

The platform is authorized to operate, as it has a legal license from the National Superintendence of Cryptoassets and Related Activities (Sunacrip) and is available for IOS and Android devices.

With this initiative, the company will allow citizens to make these payments in supermarkets, grocery stores, shops or pharmacies quickly, easily and safely with USDT, “which has a stable value similar to the price of the dollar, to save in USDT.”

In addition, those interested will be able to make “bank transfers and instant mobile payments from cryptocurrency to bolivars, to any bank and any business in the country. The app is aimed at natural persons over 18 years of age.”

The Crixto Pay application can be downloaded in the United States, Spain, Panama, the Dominican Republic, Chile, Colombia, and Peru. The company’s goal is to activate 100,000 terminals in the country during the second quarter of 2025.

M.Pino

Source: bancaynegocios

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La entrada Crixto Pay app allows you to use cryptocurrencies to make payments in bolivars apareció primero en Bitfinance.

The government of Venezuela extended the restructuring of the National Superintendency of Cryptocurrencies and Related Activities (Sunacrip) for six months. The measure is reflected in Official Gazette 42,840.

The decree, dated March 8, establishes the extension of this legal process that began on March 17. “The document states that once this period is over, the Restructuring Commission, which since March 2017 has been chaired by Anabel Pereira Fernández, will announce the entity’s new directive.”

As will be remembered, in March 2023 the Venezuelan government intervened in Sunacrip and ordered its restructuring in the midst of the corruption plot called “Pdvsa Cripto.”

The main objective of the restructuring ordered by Nicolás Maduro was “to change the administrative and operational processes at Sunacrip.”

M.Pino

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La entrada Venezuela extends the restructuring of Sunacrip for six more months apareció primero en Bitfinance.

Venezuela has a new organization to regulate and strengthen the crypto ecosystem. The exchange platforms with operations in the country recently created the National Association of Cryptocurrency Exchange Houses and Related Activities, Acincrip, which seeks to replace Sunacrip.

This is a new association that “was born with the intention of strengthening the institutionalization of the Venezuelan crypto ecosystem.”

Through a statement, Acincrip highlighted that its goal is to “contribute to the development and construction of a safe and reliable environment so that users, entrepreneurs and supervisors can contribute technology and knowledge for the development of the national economy.”

Likewise, the Fair Directive of the entity declared that they work together with the competent authorities to create a regulatory and operational framework that allows the good development of companies in the Venezuelan cryptocurrency ecosystem.

Acincrip is a non-profit association that emerged after the intervention by the Venezuelan government of the National Superintendency of Cryptocurrencies and Related Activities (Sunacrip), which is still under the “tutelage of the Restructuring Board chaired by Dr. Anabel Pereira according to Presidential Decree No. 4,865 published in the Official Gazette No. 42,717. That said, it should be noted that all organizations registered with Acincrip are still licensed and under the supervision and control of Sunacrip.”

Eleazar Colmenares, CEO of Cryptobuyer Venezuela, is the president of Acincrip, which groups all active crypto exchanges in the country. The association has the operational and technological capacity to strengthen the Venezuelan crypto ecosystem, which provides “a transparent, regulated and legal service to all cryptocurrency users in Venezuela while providing employment, contributing to the growth of the economy, and offering investment tools and means of payment.”

M.Pino

Source: cointelegraph

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La entrada Venezuela creates the National Association of Cryptocurrency Exchanges apareció primero en Bitfinance.

Through presidential decree number 4,865, published in Official Gazette number 42,717, the restructuring process of the National Superintendency of Crypto Assets and Related Activities (Sunacrip) will be extended for a period of six months, starting on September 17, 2023.

As established in article 1 of the aforementioned decree, both the President and the other members that make up the Sunacrip Restructuring Commission will continue to perform their respective functions until the end of this extension.

The restructuring of Sunacrip was ordered by the president of Venezuela, Nicolás Maduro, in March 2023.

The board in charge of carrying out this restructuring process is headed by Anabel Pereira Fernández and has the participation of other main directors, namely: Héctor Andrés Obregón Pérez, Julio César Mora Sánchez, Román Daniel Maniglia Darwich and Larry Daniel Davoe Márquez.

The substitute directors are Luis Alberto Pérez González, Pavel Javier García Sandoval, Carlos Eloy Pirela Méndez and Edgardo Alfonzo Toro Carreño.

Among the responsibilities of the Sunacrip restructuring board are to exercise all functions and activities related to the restructuring process of the National Superintendency of Cryptoassets and Related Activities (Sunacrip), develop the institution’s Restructuring Plan, and implement said plan addressing all organizational, functional and operational aspects of Sunacrip, establishing guidelines for its improvement, reorientation or correction, as appropriate.

K. Tovar

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La entrada Sunacrip restructuring process was extended apareció primero en Bitfinance.

Petro users report that they can carry out transactions after the intervention of Sunacrip. The PetroApp is restoring its functions, as is the Patria System. However, there are discrepancies in the funds of some wallets.

Sunacrip faces controversy over the disappearance of more than 3,000 million dollars. Joselit Ramírez, superintendent of crypto assets, was arrested, and Tareck El Aissami, former oil minister, resigned.

These advances in transactions with the Petro occur after three months of blocking. During this time, users were left with stagnant funds and the coin lost value. Despite the recovery of the system, some report devaluation of the currency.

The PetroApp allows access to the funds, but they can only be sent to the Patria platform for withdrawal to a bank account. CryptoLand points out that the amounts reflected in the wallets do not match those prior to the deactivation.

In summary, Petro users have reported the reestablishment of transactions after the intervention of Sunacrip. Although discrepancies persist in the funds and the currency has experienced devaluation, progress has been made in the recovery of the functions of the platforms involved.

K. Tovar

Source: El Informador

(Reference image source: Sajad Nori, Unsplash)

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La entrada Petro recovery: Users report transactions after Sunacrip intervention apareció primero en Bitfinance.

The Venezuelan government ordered the restructuring of the National Superintendency of Cryptoactives and Related Activities, Sunacrip, appointing the lawyer Anabel Pereira as rector.

Through the media it emerged that the order issued by President Nicolás Maduro became effective through Presidential Decree number 4,788, published in the Extraordinary Official Gazette number 6,739, dated March 17.

Anabel Pereira Fernández will take the reins of Sunacrip, with a team already designated, for six months to replace the previous superintendent of the organization, Joselit Ramírez, who was reportedly captured on Friday on alleged corruption charges.

The superintendent will be accompanied by three other principal directors: Héctor Andrés Obregón Pérez, Luis Alberto Pérez González and Julio César Mora Sánchez. On the other hand, Pavel Javier García Sandoval, Ramón Daniel Maniglia Darwich, Carlos Eloy Pirela Méndez, Larry Daniel Davoe Márquez and Edgardo Alfonzo Toro Carreño were appointed as substitute directors.

The new restructuring board must work on the functions inherent to this process, through a plan that includes all the activities of Sunacrip.

#GacetaOficial 📜 Presidente de la República Bolivariana de Venezuela, @NicolasMaduro, ordenó la reestructuración de la Superintendencia Nacional de Criptoactivos y Actividades Conexas @sunacrip_ve, por medio del decreto número 4.788 de fecha #17Mar
#ManoDuraContraLosCorruptos pic.twitter.com/lBXBuh5VI7

— Radio Miraflores #LaVozDeLaVerdad (@SomosRMNoticias) March 19, 2023

M.Pino

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La entrada Nicolás Maduro appoints Anabel Pereira superintendent of Sunacrip apareció primero en Bitfinance.

The Superintendency of Banks (Sudeban), together with the Superintendency of Cryptoactives (Sunacrip) of Venezuela will monitor in real time the transactions that are directly linked to cryptocurrencies.

Through social networks it was learned that, during a meeting that took place last week, both organizations agreed to tighten the supervision mechanisms on movements that involve digital assets.

All this arises due to some “irregular practices” that could be carried out and that “attack” against the local currency, the digital bolivar as well as the stability of the exchange market.

This is how Sunacrip will monitor “real time” operations. Although they do not clarify it in their statement, this possibly responds to the growth in the adoption of the bitcoin ecosystem and cryptocurrencies in the Caribbean nation.

K.Tovar

Source: El Diario

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La entrada Venezuela will monitor operations with cryptocurrencies apareció primero en Bitfinance.

The National Superintendence of Cryptoactives (Sunacrip) of Venezuela, in its regulatory role of the Venezuelan cryptographic sector, published ruling 054 that establishes that people or institutions that use exchanges, wallet providers or platforms not authorized by the agency could be sanctioned.

The regulatory body issued the standard with the purpose of complying with the recommendations of the Financial Action Task Force (FATF) on the “fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction, through the use of cryptocurrencies.”

The first FATF recommendation assumed by Sunacrip is related to new technologies and indicates that “countries and financial institutions must take adequate measures to manage and mitigate the risks of virtual assets.”

While the second recommendation is the so-called “Travel Rule” and establishes that Virtual Asset Service Providers (VASPs), as well as cryptocurrency exchanges, have a duty to “collect and share the personal data of their clients when executing superior transactions. at $1,000.”

The published ruling refers to “exchanges, wallets and P2P exchange platforms, smart contract developers, ATMs, contactless solutions, services that use or develop big data, artificial intelligence cloud computing, prepaid virtual cards, among others.”

Binance could be affected by Sunacrip

Users who could be impacted by Sunacrip’s measures are those who use the Bitcoin cryptocurrency and those who exchange crypto assets through Binance, since this platform is not authorized by the Venezuelan regulatory body.

The published document does not specify the type of sanctions that the entity would apply to those affected. However, the country has laws that stipulate a series of “sanctions for those who commit violations due to lack of authorization.”

Such is the case of the decree law on organized crime, which article 42 states: “those who operate or carry out any type of activity related to the constitution, issuance, organization, operation and use of crypto assets or sovereign crypto assets, including mining, without the due authorization from the governing body to be sanctioned with a fine”.

Said fine could range from 100 to 300 petros, the cryptocurrency created by the Venezuelan government, which represents approximately between 6,000 and 15,000 dollars.

M. Rodríguez

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Source: criptoides.com

La entrada Sunacrip could sanction users of unregulated exchanges apareció primero en Bitfinance.

The National Superintendence of Crypto Assets and Related Activities (Sunacrip) authorized the Canguro store chain to receive the Petro cryptocurrency as a form of payment for its products using the “PetroPago” payment gateway.

The information was provided by the regulatory body on its website, highlighting that “now all Venezuelans will be able to make their purchases with the PetroPago option in the Canguro store chain.”

As will be remembered, at the end of March, the Superintendent of Crypto Assets of Venezuela, Joselit Ramirez, reported on the “multiple commercial operations” that could be carried out in the country using the PetroApp payment platform, which mainly handles the “Petro state token”.

Some publications point out that currently there are few Venezuelans who use the Petro cryptocurrency as a means of payment, preferring other cryptos such as bitcoin and tether to acquire goods and services.

Establishments that accept Petro increase

In 2018, the Venezuelan government launched its own cryptocurrency called Petro, which is backed by the oil of the Caribbean country. Since its launch, different advertising campaigns and operational strategies have been developed to encourage its use, which has been happening slowly but progressively.

In the month of March, the cryptocurrency takes a new boost when the government launched the platform “Petro-App for devices with Android operating system, with which Petros can be transferred and used for trading”. In this way, the use of currency is being promoted and establishments that accept it as a form of payment are added.

The state airline Conviasa, in the same month of March, included cryptocurrency as a form of payment on its flight from Caracas to the Felipe Ángeles International Airport (AIFA) or “Santa Lucía”.

While the new airport in Mexico also included the Petro as a payment method for its flights, which makes it a cryptocurrency with acceptance not only in Venezuelan businesses; but also internationally.

M. Rodríguez

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Source: es.beincrypto.com

La entrada Venezuelan chain of stores Canguro receives payments with Petro apareció primero en Bitfinance.

The National Superintendency of Cryptoactives and Related Activities (Sunacrip), authorized the Caracas Commodity Exchange to start operations of its ecosystem in Venezuela and establishes itself as the first commodity exchange in the world with blockchain technology.

The launch of the platform is scheduled for next July 12 within the framework of one of the largest events on crypto assets and commodities that will take place in the country.

Daniel Valero, President and founder of the institution, expressed that the authorization granted by Sunacrip turns the stock market into a diverse ecosystem that “contains exchange, P2P, crypto fiat, payment gateways, crypto debit and credit cards, super wallet, super app, e-commerce, crowdfunding, issuance of tokens and tokenization for management and production in agro-productive areas, tokenization of mining and mineral extraction, OTC services and payment agent”.

The governance currency of the CCSCEX ecosystem, the EXCHANGE Token, is backed by a guarantee of 129,800,000 dollars, safeguarded by the UBS Bank of Geneva, Switzerland for an amount “that supports two million eighty-eight thousand Exchange Token, that can be used in more than 180 countries”.

First Venezuelan token

On the other hand, Valero reported that the first Venezuelan token will soon be created within the framework of the plan called the Agricultural Miracle of the agro-productive sector, “thus becoming the first Security Token in Latin America, thus supporting the issuance of one million nine hundred thousand Exchange Token and listed on BINANCE DEX (now BNB CHAIN) worth $120 million.”

The president of the Caracas Commodity Exchange announced other projects such as the implementation of the Security Token Offering (STO), also highlighted that the increased use of blockchain technology, the Internet of things and web 3.0, is stimulating important social, economic transformations. and cultural, and it is a transcendental fact for the country due to the increase in the use of platforms and apps.

M. Rodríguez

Source: laprensalara.com

La entrada Sunacrip authorizes operations of Caracas Commodity Exchange apareció primero en Bitfinance.