The National Constituent Assembly (ANC), approved on Tuesday the Law of the Integral System of Crypto-Asets.
The bill was presented by the president of the ANC’s Economy Commission, Andrés Méndez, who stressed that this original proposal by the President of the Republic, Nicolás Maduro, aims to break the financial blockade imposed on Venezuela by the Government. American and its allies.
«We have brought to the plenary the constituent decree on Crypto-Asets, which will be the first law with a constitutive nature that has to do with the regulation of an ecosystem of Crypto-Asets», he said.
He indicated that the Venezuelan cryptocurrency, the Petro, is the main tool of the Program for Economic Recovery, Growth and Prosperity, which allows the exchange of goods and services with the whole world, boosting the national economy.
The aforementioned Law has 64 articles and five transitory provisions, and its discussion included the participation of constituents, researchers, blockchain experts, and the organized people’s power.
