• Venezuelan President Nicolas Madura has removed Joselit Ramirez from his position as the top authority on crypto policies.
• Ramirez was arrested on March 17th for suspicion of participating in a scheme to steal from Venezuela’s oil operations.
• Venezuelan government is restructuring its Superintendency of Crypto Assets and Related Activities (SUNACRIP) with a new board headed by Anabel Pereira Fernández.
Joselit Ramirez Removed from Position
Venezuela’s top authority on crypto policies, Joselit Ramirez, has been removed from his position and arrested for suspicion of participating in a scheme to steal from Venezuela’s oil operations.
Venezuelan Government Restructuring SUNACRIP
Venezuelan president Nicolas Madura removed Ramirez from his position for allegedly participating in a plan to steal from the country’s oil operations. Decrypt reports Ramirez’s removal does not affect only him but also a large portion of the department. The Venezuelan government has called for a comprehensive restructuring of the Superintendency of Crypto Assets and Related Activities (SUNACRIP). According to the SUNACRIP Restructuring Decree, the board will plan the next steps for the department.
President Madura’s Statement
President Madura declared: That it is the duty of the State to take all measures at its disposal to protect the Venezuelan people from the negative effects of the multiform aggression that is taking place against the country and, especially, against its economy. The restructuring will be coordinated by a mixed commission comprising a president and four directors endorsed by Madura. The Ministry of Economy, Finance, and Commerce will supervise the operation. A new board headed by Anabel Pereira Fernández will lead the organization going forward. Among the board’s new directors are Héctor Andrés Obregón Pérez, Luis Alberto Pérez González and Julio César Mora Sánchez.
Suspicion Over Joselit’s Arrest
President Madura has not yet issued an official statement on the matter, and the government has not yet provided reasons for Ramirez’s removal. Still,the overwhelming theory is that Ramirez was involved in acts of corruption. Local media publication Últimas Noticias brokethe story about Ramirez’s arrest by thenational Anticorruption Police after arequest was issuedfor judicial proceedingsagainst „a seriesof citizens who couldbe involvedin serious actsof administrativecorruptionand embezzlement offunds.“The report statesthat Venezuelan authoritiesare investigating acaseof corruptionin which $3 billionfrom Venezuelanoil saleswerediverted so asnotto appear inthegovernment’sofficial accounts..
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