According to the latest report by foreign media Coindesk, Venezuela's government, which has just started to sell 'petro-currency', may take action to curb the number of crypto-currency exchanges operating domestically.
Last week the Venezuelan government released a 10-page white paper that could be seen as part of Petro's policy on the country's newly issued cryptocurrency, and Lefeng understands that initially only eight exchanges may be allowed to trade Encrypt currency.
The white paper, which was released on February 20, details the requirements that must be met for local encrypted transactions.According to the white paper, Petro coins first issued 100 million, according to a barrel of crude oil about 60 US dollars price, the batch The total value of the currency will exceed 6 billion U.S. dollars, and Petro absorbed 773 million U.S. dollars (about 4.6 billion U.S. dollars) on the first day of pre-sale.
The white paper also shows that Petro's trading cap has been capped since the country's cryptocurrency regulator was in its infancy, and that the government is likely to restructure or modify the transaction quotas 90 days before it officially enters the market.
According to informed sources, the government during the actual operation of the cryptocurrency ceiling requirements will be more stringent.
Blink Trade co-founder Daniel Arraez said the government may also reduce the number of cryptocurrencies exchanges currently allowed to be traded.Lei Feng Wang learned that Blink Trade had mainly been open-source software for the Bitcoin exchange before it was established in 2014 The country's first Bitcoin exchange, SurBitcoin, is currently seeking to operate under the new petro license.
Arraez said the changes in regulation may bring about a huge market opportunity, provided the transaction is made transparent and venerable by the people of Venezuela, saying:
'The current regulatory changes are a positive one and we are accelerating the pace of business, and in general the markets are safe now, we can be assured of operations, and clients' money and safety can be assured.'
Figure: Venezuelan President Nicolas Maduro
It remains to be seen how many exchanges are under way within Venezuela's new regulatory framework and we also do not know which exchanges are actively engaged with Nicolas Maduro, February 21 release of the report, a total of 36 large cryptocurrencies exchange is working with the government.
Since the launch of the pre-sale, the Venezuelan government has also released a series of 'coercive' measures to ensure the procurement of 'petro-yuan.' As recently reported, Maduro ordered PDVSA (PetroVera), Pequiven ), And several state-owned enterprises such as CVG (State-owned Guanaana Group) have converted a certain percentage of their sales and purchases into petro oil coins.
In the wake of the U.S. financial blockade, Venezuela has adopted digital tokens to weather the current economic downturn, however, unless the government moves further, the U.S. government Democrats have already indicated to senators that the United States will take extra steps Oppose the oil coins.So, Venezuela, this 'self-help action', skipping own irrefutable still exist, there are more and more difficulties waiting for them.
