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Through an official declaration, the National Superintendence of cryptographic assets and related activities Venezuela’s “Sunacrip” has announced an update to its web platform which will integrate, among other improvements, a new trading house for the acquisition of Petros.
Venezuela Exchange “VEX” is the new bet of the government body that regulates the activities related to cryptocurrencies in the Latin American country, where it is Users will be able to acquire the sovereign digital asset Petro through fiat money and some decentralized cryptocurrencies such as Dash, Bitcoin and Litecoin.
The VEX proposal will allow, in addition to the acquisition of Petros, the purchase and sale of the aforementioned cryptocurrencies with Bolívares, legal tender in the South American country, through P2P technology.
According to the statement, the new exchange house will be accessible through the PetroApp wallet application and will be connected to it.
Among the other improvements announced by the local government body, there are the enabling of the complete registry of services in Cryptoactive “RISEC”, a solution launched by the national government to digitally systematize all the information of the users who make life in the cryptographic ecosystem in the country of oil.
The new site will also have the ‘Petro Calculator’, an application to convert crypto-crypto, crypto-fiat and fiat-crypto values, in addition to the link to the Patria Remesas platform, the official service for sending and receiving remittances in cryptocurrencies.
For last the portal announces the incorporation of a real-time price ticker of the top ten cryptocurrencies on the market, highlighting the prices of Bitcoin, Ethereum, Tether, XRP, Bitcoin Cash, Binance Coin, Litecoin and the rest of the top ten of the cryptocurrency market.
The update would be one of the most recent developments implemented by the director of the governing body of cryptocurrencies in Venezuela, Joselit Ramírez, who has been in charge of the institution despite US allegations about links with drug traffickers, a data in fact, that resulted in a reward against him of up to $ 5 million for his capture, as reported by Cointelegraph last March.
Following the accusations from the northern country, the official account of the regulator Sunacrip on Twitter has been restricted by the social network, as indicated by Ramírez himself from his personal account on March 18, 2020.
Twitter limits the account of the National Cryptoactive Superintendence (SUNACRIP) @SunacripVe pic.twitter.com/XKrCYu6LmG
– Joselit Ramírez (@JoselitRamirez) March 18, 2020
Timely options
The solution presented by Sunacrip occurs at a key time for Venezuelans, who have seen in recent months how options for cryptocurrency exchange and storage in online wallets are shrinking due to the withdrawal of support from major companies in the space. crypto.
Recently, the cryptocurrency provider Xapo was added to the list of companies that have decided to ‘leave’ Venezuela due to the sanctions imposed on the Venezuelan government by the United States.
Following reports of an alleged blocking of access to Coinbase by the Venezuelan government in September and Paxful’s departure from the country, Xapo has joined a list of internationally renowned companies that have stopped operating or providing support for residents in the Latin American country, not to mention the refusal of platforms such as LocalCryptos to provide support to the Venezuelan Petro.
🛑 #Venezuela block access to @coinbase and currency exchange platform @mercadolarinc.
This Internet blocking is enforced by most of the traditional ISPs in VE that they use #DNS_block. The exact reasons for this block are still unclear. #internetVE #keep it up pic.twitter.com/cJLR63Lmv5
– VE without filter (@vesinfiltro) September 9, 2020
However, despite the above, Localbitcoins, the leading P2P trading platform used in the Caribbean country, said it has no plans to leave the country for now. while the solutions proposed by Sunacrip seem to try to capture an increasingly large and greedy audience for cryptocurrencies.
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