The Venezuelan banking regulator Sudeban explained it is in the process of designing a system to monitor banking transactions in real-time, with the help of Sunacrip, the national crypto watchdog.
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
While no more details were offered, the organization explained the objective is to “fight the irregular practices that attack our currency and the stability of the exchange market.” This means that the government looks to be examining the link between the volumes exchanged in cryptocurrency markets and the U.S. dollar – Venezuelan bolivar exchange rate.
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