Venezuela’s New Cryptocurrency Rules Enter Into Force

The decree establishing a legal framework for cryptocurrencies in Venezuela has entered into force. It contains 63 articles including rules for the purchase, sale, use, distribution, and exchange of cryptocurrencies and related products. It also mandates a registration system and details audit procedures, penalties for non-compliance, and how mining equipment can be confiscated.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Original source
https://news.bitcoin.com/venezuelas-cryptocurrency-rules/

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