Venezuela overhauls national crypto department

Venezuela's president Nicolás Maduro has announced the reorganization of the National Superintendency of Crypto Assets, known arsenic Sunacrip successful Spanish, according to a decree issued connected March 17.

A caller committee volition pb the reorganization, headed by Anabel Pereira Fernández, a lawyer who served arsenic president of the Fondo de Garantía de Depositos y Protección Bancaria (FOGADE), the Venezuelan mentation of the United States Federal Deposit Insurance Corp. (FDIC). Among the different directors are Héctor Andrés Obregón Pérez, Luis Alberto Pérez González, and Julio César Mora Sánchez.

Without providing immoderate further details, the decree says the committee volition program the adjacent steps for the crypto department. Although nary circumstantial reasons are fixed for the reorganization, Maduro's medication claims the determination is intended to support the country's citizens from the antagonistic effects of economical sanctions.

A continuación publicamos la Gaceta Oficial Extraordinaria donde se crea la Junta Reestructuradora de la Sunacrip. https://t.co/au7uiaU7LB

The caller committee operation leaves retired Joselit Ramirez, who led the section since its inception successful 2018. Ramirez was reportedly arrested connected March 17 connected corruption charges, according to Venezuela's section media. Ramirez oversaw crypto taxation rules and the country's cryptocurrency Petro.

In June 2020, the U.S. added Ramirez to its Most Wanted List. The Homeland Security Investigations subdivision of the U.S. Immigration and Customs Enforcement bureau issued a bounty for up to $5 cardinal for immoderate accusation that would pb to the seizure of Petro’s supervisor.

At the time, ​​authorities alleged that Ramirez had “deep political, societal and economical ties” to suspected narcotic kingpins, including Tareck El Aissami, erstwhile vice President of Venezuela.