On Venezuela, the mining digital Crypto-assets is a legal activity controlled by a government entity, the National Superintendency of Crypto-assets and Related Activities (SUNACRIP) created by a decree-law of 2019, and in which it establishes the rules of the game to develop mining in that country South American.
Recently through the red social Twitter, the National Association of Cryptocurrencies published in its official account @AsonacripVe an official communication issued by the General-in-Chief Strategic Operational Commander of the Bolivarian Armed Forces of Venezuela, in which he specifies the direct order to the remains of the areas that make up the different strategic operational commands that refrain from making inspections, or carrying out operations relating to the supervision of seizure or of any kind that interrupts the mining process of the cryptocurrencies, without the presence of the officials of the National Superintendency of Crypto Assets and Related Activities.
This circular issued by one of the highest military authorities in that country means a slight relief for those who dedicate themselves to this activity. economical. The impressions in the social network did not wait so much in favor of the circular as in not so effusive responses.
The reality for the miners of digital assets in Venezuela, it becomes that both civil and military authorities carry out supervision and control operations over possible “farms”Many times without an administrative or court order.
The statement also highlights that if the inspections are carried out Without a justification from the Superintendency and stops or in any way hinders the materialization of operations related to crypto assets, it will be sanctioned with a prison term of three (03) to five (05) years.
The aforementioned article of the decree specifically establishes:
“Responsibility of the official or civil servant Article 49. The public official or public official, who obstructs or detains without just cause by the National Superintendency of Cryptoactives and Related Activities (SUNACRIP), the materialization of operations related to cryptoactives, will be sanctioned with imprisonment of three (03) to five (05) years. “
In this way, the government of Venezuela tries to give a positive signal to the digital asset miners that develop in the country, with the evident intention that the activity has a greater growth within the Caribbean country. In Venezuela the crypto market is very usual, in fact for the first semester of this year, the Latin American Economic Observatory in one of the analysis of the adoption and crypto market in Latin America ranks Venezuela with 47% of volume occupying the first place of this analysis.
Source: http://www.obela.org
In fact data from Coin Dance show that transactions in Venezuela through the platform Localbitcoins It has not stopped growing since May 2019 to date.
Source: CoinDance
Definitely, the use, adoption and mining of crypto assets in Venezuela is a public and well-known factTherefore, the proper use of the necessary means for the supervision and control of compliance with the regulations that regulate this industry, generates an expectation of tranquility among the entire community.
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