Asamblea Nacional Constituyente or the Constituent National Assembly of Venezuela passed on a new legislation that gave a framework to local businesses to use cryptocurrencies for carrying out the daily transactions as well as for investment. The Assembly also progressed in legal projects with a motive to strengthen and promote national and international cryptocurrency Petro.
According to the report published in the local mouthpiece Prensa Latina, The legislator of the plenipotentiary body for the business sector and member of the Commission of Diversified and Productive Economy, Gerson Hernandez, put forward that the progress in legislation is focused on strengthening the Program for Recovery, Growth and Economic Prosperity promoted by the Executive.
