Skip to main content

Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

sunacrip

Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip, who also mentioned the exchanges that are approved by the institution, leaving some big names like Binance off of the list.

Sunacrip Tightens Compliance Requirements For Exchanges In Venezuela

Sunacrip, the institution in charge of the regulation of all things crypto in Venezuela, has announced it has revoked the trading licenses of two exchange platforms on January 26. The superintendent of the organization, Joselit Ramirez, made the announcement via Twitter, stating:

WE INFORM all our users that two general operating licenses of the exchange houses Criptomundo and Cave Blockchain have been REVOKED, for not complying with the rules established by Sunacrip to operate in our country.

While Ramirez didn’t disclose the specific reasons for these licenses being revoked, he did mention all of the exchanges that were still authorized by Sunacrip to conduct exchange operations in the country. Among these are Criptoactivos Amberes Coin, Asesoría Financiera IO, Criptoex, Criptoven Trade, Digital Factoring, Venecrip, and the Patria Platform, which is operated by the government.

Other exchanges authorized by Sunacrip, but that are not operating due to technical issues are Crixto Vzla, Exchange Vzla, Canjeable Ticketven, Financieras 1444, CriptoExchange, and Criptoactivos Bancar.

International Exchanges in Gray Area

While the list offered by Ramirez was extensive, it left some names out of the equation. Exchanges like Binance, which have a significant foothold in Venezuela, were not mentioned, leaving the presence of these operations in the country in a gray area. Currently, Binance P2P, the part of the exchange that allows users to connect and trade cryptocurrencies and fiat money, has one of the biggest exchange operations in Venezuela.

Also, other international exchanges that Venezuelans can use to manage and transact cryptocurrencies are not authorized. This means that if users of these exchanges face any problems using them, there would be no guarantees regarding the activities. Lastly, Ramirez made a recommendation for users to abstain from using non-authorized services, to “guarantee the legitimacy of the operations and support for the services offered.”

Venezuela was one of the first countries in Latam to boast a comprehensive cryptocurrency regulation system, two years before El Salvador introduced its “Bitcoin Law,” making the crypto legal tender. Sunacrip also strengthened the KYC requirements for virtual asset service providers on May 3rd, last year.

What do you think about the state of some international exchanges in Venezuela according to Sunacrip? Tell us in the comments section below.



from Bitcoin News https://ift.tt/3Hej8ny
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read:   Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to “engag[ing] policymakers.” The members of Crypto UK are Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare – comprising trading platforms, exchanges, asset managers, merchants, comparison websites, and intermediaries from the cryptocurrency sector. “Regulation is Imminent” The Crypto UK chairman and managing director of Etoro, Iqbal Gandham, described the trade body’s mission as “promot[in...
41 comments
Read more