The national regulator of cryptocurrency and related activities (Sunacrip) of Venezuela announced new requirements for cryptocurrency transfers. This is reported by Bitcoin.com.
The requirements and procedures for the sending and receiving of remittances in crypto assets to natural persons in the territory of the Bolivarian Republic of Venezuela. The sender of the remittances referred to in this ruling is obliged to pay a financial commission in favor of Sunacrip up to a maximum amount of 15% calculated on the total of the remittance.
According to the resolution, Sunacrip can now set limits on the size of cryptocurrency transfers, set cryptocurrency prices in a sovereign bolivar, determine tariffs and request data from senders and recipients involved in transactions.
The monthly restriction on sending cryptocurrency payments is set in the government cryptocurrency of Venezuela and is 10 Petro (PTR), which is "equivalent to $ 600 per month in accordance with PTR quotes". Any excess of this amount will require regulatory approval, which can raise the bar to 50 PTR ($ 3,000).
Representatives of the local cryptocurrency community called the new requirements absurd, while noting that the authorities are trying to centralize technology created with completely different prerequisites.