Asonacrip: «The cards are drawn» for the development of bitcoin in Venezuela

Cryptocurrency trading is in full growth

Álvarez revealed that, according to recent calculations by the organization, in a single week there was trade in Venezuela the volume equivalent to more than one month of work on the Caracas Stock Exchange (BVC) .

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«Although they are somewhat subjective estimates, c We consider that they are positive for the growth of the cryptocurrency ecosystem in Venezuela, “he said.

In addition, he indicated that BTC is one of the cryptocurrencies most used in Venezuela. The second, “paradoxical as it may seem,” as he put it, was the petro , the digital asset created by the Venezuelan government. Third was the stablecoin tether (USDT) .

This was said by Álvarez citing a survey carried out by Asonacrip on Twitter. He clarified, however, that they do not have official data to attest to this use.

The results of that survey, for Álvarez, let it be known that “there is a diversity and a growing demand for different cryptocurrencies, which enriches the knowledge of the business and ordinary population.”

These cryptocurrencies, he specified, have a greater presence and use in Caracas, the Venezuelan capital, where it is being sold in stores, still lifes and cafes, something that confirms a reportage made by CriptoNoticias.

However, it clarifies that cryptocurrencies They are not yet a mass payment method in Venezuela, so having total certainty of the activity is, for now, unlikely .

«From our private initiative we consider that Venezuela has everything the potential to adopt bitcoin, and for that it must comply with a regulation and have an order, “he said.

Mining, another sector in frank growth

Álvarez also talked about the digital mining , an activity that in Venezuela has found a niche of market where to consecrate. For him, it is necessary to mine in the industrial zones of Venezuela.

This, because in these places there are, as he explains, with capacity idle electricity, conducive to mining activity, “regulated and arbitrated by local authorities, who work in a ‘joint way’ to favor the extraction of BTC «.

For no one is a secret. We are facing a bull market in the price of BTC that makes the mining industry more attractive. Venezuela has been experiencing constant growth and a whole legal support is being created, with companies licensed to operate, with legal security. Although it is true that mining has never been an illegal activity, there was a legal vacuum, which prevented national and foreign capital from betting safely on this new reality of the country.

José Ángel Álvarez, president of Asonacrip.

Clarifies, in any way, that Venezuelan law does not considers that mining is a crime, although there are administrative sanctions, whose penance is equivalent to a business premises not delivering tax invoices .

Therefore, it explains that the regulatory body, which is the National Superintendency of Crypto Assets and Related Activities (Sunacrip), has repeatedly called for mining to migrate to industrial zones, “because no residential area is created or developed from an electrical point of view so that it can support equipment that works at all times. time”.

“Therefore, knowing the new regulations, we called for this activity to move to industrial areas or through different companies that offer hosting services,” he asked, and it appeared that , if there are miners without a license and operating illegally, will be located and subsequently sanctioned .

«The cards are drawn »

In the opinion of the president of Asonacrip, “the cards are drawn”, when referring to the regulation and development of the cryptocurrency economy on Venezuelan soil.

It highlights that there is already a governing body (Sunacrip), as well as a whole guild that is working in the development of the activity in the Latin American country .

However, and even with progress, regrets that there is still much ignorance in Venezuelan society about Bitcoin , despite the fact that there are media and platforms dedicated to the subject. “That is why there must be financial training, so that activities related to bitcoin develop in a positive way,” he indicated.

The sky is the limit. There is great interest, we have an initial base that has been difficult for us to achieve, on the legislative and institutional issue. Based on that, the breeding ground is ready for Venezuela to become a technological powerhouse from the blockchain point of view and we become a crypto-donation.

José Ángel Álvarez, president of Asonacrip.

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