Venezuela’s National Constituent Assembly has approved the decree on the use of cryptocurrencies and the country’s new “oil-backed” currency, after repeatedly declaring the Petro illegal. The new currency began its initial coin offering last month as the Venezuelan president continues to strongly push its use.
Decree on Cryptocurrencies ApprovedThe Venezuelan National Constituent Assembly (ANC) has approved the draft Constituent Decree on Cryptoassets and the Petro, the country’s government announced last week. The decree was presented to the ANC by Vice President Tareck El Aissami. The Superintendent of Cryptocurrency confirmed:
"We are making history with the approval of the Decree on Cryptoassets and the Cryptocurrency El Petro. Nothing can stop the impulse of our country."According to the vice president’s announcement, “this decree is intended to establish the basis for the management of these alternative mechanisms in financial and commercial activities.”
Read more:
https://news.bitcoin.com/venezuela-approves-decree-use-cryptocurrencies/