Venezuela will have a Decentralized Stock Exchange
Through Official Gazette 6,578, a temporary license was authorized and granted to operate with securities through digital assets
In Official Gazette 6,578, the Decentralized Stock Exchange of Venezuela was authorized through the National Securities Superintendency for a 90-day trial period of operations of this type.
According to how it was presented to the public, it is considered the first Decentralized Stock Exchange in the world, in addition to being linked to the Decentralized System of Encrypted Markets.
The BDVE, as it is known by its acronym, also highlights on its website that it is a “Decentralized” market where users can access “from anywhere in the world, without restrictions”, as well as maintain custody of your own assets. Likewise, the Gazette itself where its activity was authorized mentioned that the Stock Exchange “represents a new and innovative segment of the stock market, which, with the use of new information and communication technologies, provides the investor with security and control over its financial assets.”
Despite the fact that it is not mentioned in the official document, according to the analysis of experts it is possible that cryptocurrencies are part of this system.
Another aspect that also comes to light is that in article 47 of the BDVE Operating Manual it is mentioned that “All the Securities in BDVE are currently configured in three possible ways: ERC223, ERC721 and Packable“. When we see the definition of the ERC223 and ERC721 values that is presented in the Manual, we can see a very similar definition to what the tokens represent under the ERC-223 and ERC-721 standards, respectively, that are carried within the Blockchain of Ethereum, even though it is not mentioned.
At the moment the information is somewhat scarce, however it is presented as an alternative for those who wish to be part of this new listing system on the stock market.
K. Tovar
Source: Cointelegraph
