Venezuelan Sunacrip Tightens Control on Transactions Made Using Unauthorized ...

Venezuelan Sunacrip Tightens Control on Transactions Made Using Unauthorized ...

Sunacrip, the Venezuelan cryptocurrency watchdog, has issued a new internal providence that defines the guidelines it will follow in dealing with reports of suspicious activity related to fintech platforms. The document describes that the use of unauthorized platforms might constitute a suspicious activity, which could ostensibly lead to penalties of $15,000 for its customers. Sunacrip Publishes Internal Providence on Fintech Activities Sunacrip, the Venezuelan cryptocurrency watchdog, is seeking to have better control of the movements that Venezuelans make using cryptocurrencies....


Related News

Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

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....

Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Vir...

Sunacrip, the Venezuelan cryptocurrency watchdog, has recently published a new set of AML/KYC requirements for VASPs (Virtual Asset Service Providers) that establishes new and updated rules about the kind of information these providers must require and share with the Venezuelan government, raising alarms in the cryptocurrency community about what the government could do with this data. Venezuelan Crypto Watchdog Sunacrip Strengthens KYC/AML Requirements for VASPs Last week, the Superintendence of Crypto Assets and Linked Activities of Venezuela (Sunacrip), quietly published a new set of....

Venezuelan Authorities Seize More Than 100 Miners From Clandestine Bitcoin Mi...

Venezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by the national police, officers from the national power company, and....

Sunacrip and Venezuelan Intelligence Police Issue Warning on Cryptocurrency S...

Sunacrip, the Venezuelan cryptocurrency watchdog, and the Intelligence Police (CICPC) issued a warning for the general population about cryptocurrency scams. The institutions gave a series of recommendations to avoid being scammed by cryptocurrency Ponzi schemes involving the national cryptocurrency, petro (PTR), advising users to always keep their accounts’ passwords secure. This is the government’s answer to a series of crypto scams that have been happening in the country in the last few days. Venezuelan Regulator and Intelligence Police Warn Users The....

Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currenc...

The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, called the “large financial transactions” tax would collect up to 20% over transactions made in currencies different from the national fiat currency or the Petro. Venezuelan Government To Tax Crypto Transactions The Venezuelan government has approved a new tax that will affect transactions and payments made with cryptocurrencies and foreign currency. The tax, which is....