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Venezuelan President Maduro Announces Restructuring of National Cryptocurrency Asset Regulator

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According to reports, Venezuelan President Nicola á s Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip i

Venezuelan President Maduro Announces Restructuring of National Cryptocurrency Asset Regulator

According to reports, Venezuelan President Nicola á s Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip in Spanish. A new board of directors will lead the restructuring, led by Anabel Pereira Fern á ndez. Currently, no further details or specific reasons for the restructuring have been provided, but it is understood that the board of directors will set the next step plan for the cryptocurrency sector, aimed at protecting citizens of the country from the negative impact of economic sanctions, In addition, the new board structure does not include Joseit Ramirez, who has led Venezuela’s national encryption department since its establishment in 2018. （cointelgraph）

Venezuela comprehensively reforms the national encryption sector

Analysis based on this information:


Venezuelan President Nicolas Maduro has recently announced a significant restructuring of the country’s national cryptocurrency asset regulator, known as Sunacrip. The restructuring will be headed by a new board of directors, which will be led by Anabel Pereira Fernandez. While there are currently no further details or specific reasons provided for the restructuring, it seems that the new board will set the next plan for the cryptocurrency sector. The aim of this restructuring is to protect the citizens of the country from the negative impact of economic sanctions.

The news of this restructuring has caused significant speculation in the cryptocurrency community. The cryptocurrency sector in Venezuela has come under heavy criticism and scrutiny due to its close association with the Maduro government. The government’s use of cryptocurrency to evade economic sanctions has been a significant concern for many countries around the world.

The move to restructure Sunacrip is being seen by many as a step towards greater legitimacy in the cryptocurrency sector. Despite the criticism that the sector has faced, there is still a significant demand for cryptocurrencies in Venezuela. With the country’s economy in a state of turmoil, many people have turned to cryptocurrencies as a means of support.

The exclusion of Joseit Ramirez, who led Venezuela’s national encryption department, from the restructuring has raised eyebrows. Ramirez has been instrumental in the development of the cryptocurrency sector in Venezuela, and many see his exclusion as a sign that the Maduro government is looking to distance itself from the sector.

In conclusion, this restructuring of the national cryptocurrency asset regulator is a significant move by the Maduro government. It suggests that they are serious about developing the cryptocurrency sector in a legitimate way while also protecting their citizens. The announcement has certainly caused some speculation in the cryptocurrency community, and it will be interesting to see how the new board of directors approaches the sector.

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