The new Superintendent of Cryptoassets ordered the closure of all cryptocurrency exchanges registered with Venezuela's National Superintendency of Cryptoassets, although this has not been confirmed officially. Asonacrip, the National Association of Cryptocurrencies, opposes this measure and has opened a public survey for input from the crypto community in Venezuela.
Sunacrip, the country's crypto regulator, also ordered the closure of large cryptocurrency mining farms operating in several Venezuelan states, prompting Asonacrip to seek a review. Maduro had previously promoted cryptocurrencies to revive Venezuela's economy, legalizing them, creating an official cryptocurrency (The Petro), devising a regulatory framework for mining, registering cryptocurrency exchanges, and reducing persecution of traders and miners.
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