November 6, 2020 1:43 am

Venezuela Unveils State-run Bitcoin, Litecoin, Dash, and Petro Exchange

he Venezuelan government has doubled down on its pro-crypto stance by launching a crypto exchange – with support for Caracas’ petro (PTR) token as well as bitcoin (BTC)litecoin (LTC) and dash (DASH) pairings with the fiat bolivar.

In an official announcement from the National Superintendency of Crypto Assets and Related Activities (Sunacrip), the Venezuelan crypto regulator, posted on the government’s state-run media portal, the platform will be named the Venezuela Exchange (VEX).

Sunacrip added that VEX would make use of “P2P technology,” and would also be accessible through and linked to the government-issued crypto wallet app PetroApp.

Sunacrip wrote,

“This digital platform will let users carry out transactions in the [crypto] exchange market.”

The move is the latest in a flurry………


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Author: Tim Alper
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