regulator

According to reports, Venezuelan President Nicola á s Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip in Spanish. A new board of directors will lead the restructuring, led by Anabel Pereira Fern á ndez. Currently, no further details or specific reasons for the restructuring have been provided, but it is understood that the board of directors will set the next step plan for the cryptocurrency sector, aimed at protecting citizens of the country from the negative impact of economic sanctions, In addition, the new board structure does not include Joseit Ramirez, who has led Venezuela’s national encryption department since its establishment in 2018. （cointelgraph） Venezuela comprehensively reforms the national encryption sector Analysis based on this information:Venezuelan President Nicolaás Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip in Spanish. This news comes amidst the ongoing economic crisis in Venezuela and the increasing use of cryptocurrencies as a means to…

According to reports, a spokesman for the New York Financial Services Department (NYDFS) said that the decision to take over Signature Bank on Sunday had nothing to do with the bank’s cryptocurrency business. Previously, Barney Frank, a former US congressman, criticized the decision of the regulators, claiming that they “wanted to transmit harmful information about cryptocurrency”. A spokesman for NYDFS said in a statement that the decision to take over the bank and hand it over to FDIC was based on the current situation of the bank and its ability to conduct business in a safe and healthy manner. The spokesman said that they were working with senior executives of Signature Bank to assess its financial status, ability to meet withdrawal requests and whether it could continue to operate normally. The bank did not provide “reliable and consistent data, resulting in a serious crisis of trust in the bank’s leadership”. NYDFS said that Signature is a bank with more important…