Venezuela was one of the first Latin American countries to establish its own crypto oversight body, launching the Superintendencia Nacional de Criptoactivos (Sunacrip) in 2018. However, the government now says it will take six extra months to “reorganize” the entity, which it closed in March 2023.
According to a presidential decree published on Sept. 19, President Nicolás Maduro ordered the extension of the period of forced reorganization of Sunacrip. The period of the new extension officially started on Sept. 17 and will last until March 24, 2024.