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The National Office for Crypto Assets and Related Operations of Venezuela (Sunacrip) plans to more closely monitor transactions with digital currencies made by Venezuelans.
The organization has released an official document establishing a mechanism to combat suspicious activity, including on cryptocurrency platforms. The document also aims to incorporate various directives of the Financial Action Task Force on Money Laundering (FATF) into Sunacrip’s work processes to detect money laundering and terrorist financing schemes.
The head of the service, Joselit Ramirez, has already signed the document. Under the new rules, the use of unauthorized exchanges can be seen as a wake-up call that should be reported to the national financial intelligence unit for investigation and sanctions. The document does not specify what fines or sanctions may be applied for these violations.
The new rules could seriously affect exchanges such as Binance, which, despite widespread use in the country, is not officially registered and is not authorized in the organization. To avoid sanctions, users will have to switch to less popular exchanges, since none of the major crypto-exchanges are authorized in Venezuela.
Earlier it became known that the Venezuelan government approved a new tax that will apply to transactions using digital and foreign currencies.
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