🇻🇪 Government of Venezuela dictates controls on cryptocurrency remittances

Venezuela's regulating body for cryptocurrencies, SUNACRIP, has issued new guidelines for remittances, valuations, and tariffs. Only remittances the equivalent of ten petros, the Venezuelan cryptocurrency, or $600 per month can be sent, with a hard limit of 50 Petros ($3,000) by SUNACRIP approval. Values for cryptocurrencies will also be pegged to local currency by the regulator and Central Bank of Venezuela.

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