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Venezuela Mulls Setting up Crypto Central Bank

Published 08/15/2018, 08:31 AM
Updated 08/15/2018, 09:40 AM
 Venezuela Mulls Setting up Crypto Central Bank

Venezuela’s National Constituent Assembly is reportedly drafting constitutional amendments aimed at the creation of a central bank for cryptocurrencies.

According to a Reuters report, in addition to the creation of a cryptocurrency central bank, the amendments envisage a separate court that will be above the Supreme Court.

Details were not revealed, but the draft is due to be presented in 35 days to the board of the Constituent Assembly.

The new institution will have “functions in exchange, monetary and financial policy”, Hermann Escarrá, one of the most ...


This article appeared first on Cryptovest

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