Sunacrip

Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues

April 17, 2023 Bitcoin.com

Argentina

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: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela is still ongoing. Argentina Registers 104.3% Inflation In March, […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes

March 28, 2023 Bitcoin.com

Ana Ojeda

National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan oil to third parties, mentioning […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

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

March 21, 2023 Bitcoin.com

Anabel Pereira

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 […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

December 30, 2022 Bitcoin.com

bank accounts

Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to the recent drop in the value of the bolivar. Venezuelan Government to Monitor […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities

December 28, 2022 Bitcoin.com

accounts

Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions since the end of 2021. Venezuelan […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Venezuelan Sunacrip Tightens Control on Transactions Made Using Unauthorized Exchanges

June 3, 2022 Bitcoin.com

Binance

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 […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange

March 26, 2022 Bitcoin.com

Amazon

Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exchange petros for other currencies, and a series of gift card and payment options to increase adoption. Petro […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Supreme Tribunal in Venezuela States Sunacrip Has Strategic Role, Voids Earlier Sentence

March 13, 2022 Bitcoin.com

bitcoin.com

The Supreme Tribunal of Justice of Venezuela has stated in a recent sentence that the tasks developed by Sunacrip, the national cryptocurrency and bitcoin mining watchdog, have a strategic significance for the country. The sentence also voids certain resolutions taken in a case where another court rolled back the seizure of more than 1,000 bitcoin […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

January 27, 2022 Bitcoin.com

bitcoin.com

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 […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners

November 10, 2021 Bitcoin.com

Bitcoin

A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing maintenance services. The court ordered Sunacrip, the […]

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Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme