The Venezuelan government has taken measures against two cryptocurrency exchange operators in the country. Both allow clients to convert between a number of cryptocurrencies to bolivars and send remittances abroad.
"Operation Manos de Papel is the largest litigation procedure in the history of the country. So far, 112 people have been arrested, of which 107 have already appeared in court. "
The operation "seeks to act against individuals and companies that have incurred in misappropriation, and dissemination of false information about the exchange rate," he explained, adding that "1,382 bank accounts were frozen in which a sum exceeding 711,967 million bolivars ( US $ 10.6 million) has been blocked. "In addition, he indicated that he has also requested the blocking of 247 bank accounts, 40 new arrest warrants and 104 raids, according to a notice from the country's Public Ministry.
Of the three exchanges mentioned above, the last two participate in the exchange between cryptocurrencies and bolivars. Airtm supports the conversion of zcash, bitcoin, bitcoin cash, ether, ripple, litecoin, monero, dogecoin and tether. Rapidchange allowed customers to exchange and send remittances using bitcoin, ether, bitcoin cash, dash, litecoin and ripple.
Charges against exchanges. Saab said that these exchanges operate through websites registered abroad, as well as Twitter accounts and other social networks, adding that they use bank accounts of international parents in the U.S, Chile, Ecuador and Panama. The repression, therefore, only affects its operations in Venezuela.
He explained: "In those accounts, they received deposits in cash or transfers, and then they converted to a high and unreal exchange rate," adding that "I have spoken with the President of the Republic to create new detention centers for these criminals." .
Efecto Cocuyo then quoted the Attorney General exclaiming:
"I want someone to explain to me how in September of 2017 a dollar cost 15,000 bolivars; in December it was 100,000 bolivars; in January of this year 200,000 bolivars and at the end of March 500,000 bolivars. "
At the time of writing, one of the previous exchanges has already closed. Rapidcambio published a notice on its website that states that "it has always demonstrated its responsibility, honesty, seriousness and a true commitment to provide a service to all Venezuelans who are abroad."
At the time of writing, one of the previous exchanges has already closed. Rapidcambio published a notice on its website that states that "it has always demonstrated its responsibility, honesty, seriousness and a true commitment to provide a service to all Venezuelans who are abroad."
In addition, the company emphasized, "our company has never established or intended to set market prices, our exchange rates have always been given by the Law of supply and demand, as a free market without any imposition."
However, Rapidcambio concluded:
"Unfortunately, we need to close our operations indefinitely due to the unjust persecution of the casas de cambio in Venezuela by the National Government."
Source: bitcoin.com
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