Sunacrip was closed in March 2023, when the government announced its reorganization due to the corruption scandal, involving its former top management.
Venezuela was one of the first Latin American countries to establish its own crypto oversight body, the National Superintendency of Crypto Assets . Now, the government says it will take six extra months to ‘reorganize” the entity, which de-facto stopped its work in March 2023., published on Sept 19, the head of State, Nicolás Maduro, ordered the extension of the period of forced reorganization of Sunacrip for another semester. The period of the new extension officially started on Sept.
17 and will last until March 24, 2024.due to the corruption scandal involving its former top management. At the time at least ten people were arrested, including Joselit Ramirez Camacho, who led the crypto department from its inception in 2018. According to Venezuelan prosecutors, Ramirez stole more than $3 million from the state during his time at Sunacrip.
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