Venezuela Mulls Setting up Crypto Central Bank
Cryptovest
Published Aug 15, 2018 08:31AM ET
Updated Aug 15, 2018 09:40AM ET
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 ...
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