The past week was the most active in terms of trading volume in Venezuela - almost 17.1 billion sovereign Bolivars were exchanged for bitcoins. In terms of Bitcoin, trading volume was 1 972 BTC. This is reported by Bitcoinist.
In turn, the Venezuelan authorities have issued the “Constitutional Decree on the Integrated System of Cryptocurrency Assets”, which regulates the activities of Bitcoin exchanges and other crypto companies.
Those who operate or perform any type of activity related to the constitution, issuance, organization, operation and use of (Petro) or cryptocurrencies, including mining, without the proper authorization of the governing body and in breach of the other formalities required by this Constituent Decree, they will be sanctioned with a fine equivalent to 100 to 300 (Petro).
New Venezuelan Law
However, experts say, the decree is unlikely to have a significant impact on p2p-services, such as LocalBitcoins. The attribution of Latin American people to cryptocurrency they explain the difficult economic situation due to sanctions and hyperinflati