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Author: Crypto Breaking News

Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring

Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the embezzlement of $3 billion related to unregistered oil sales. Sunacrip Boss Joselit Ramirez Arrested [...]

The post Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring appeared first on Crypto Breaking News.

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Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jul 18, 2023 02:10

Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention

The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal involving the undeclared sale of crude oil for crypto. There have been no official updates from Sunacrip’s restructuring board, [...]

The post Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention appeared first on Crypto Breaking News.

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Reports Indicate Venezuela Is Preparing to Liquidate the Petro

Author: btcethereumadmin

United States

Source: BTC Ethereum Crypto Currency Blog

Jun 16, 2023 01:20

Reports Indicate Venezuela Is Preparing to Liquidate the Petro

According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion corruption scheme involving the settlement of Venezuelan oil sales. Reports Indicate

The post Reports Indicate Venezuela Is Preparing to Liquidate the Petro appeared first on BTC Ethereum Crypto Currency Blog.

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Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs

Author: btcethereumadmin

United States

Source: BTC Ethereum Crypto Currency Blog

May 01, 2023 01:20

Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke

The post Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs appeared first on BTC Ethereum Crypto Currency Blog.

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