Crypto currency round the world has come to stay, to foster growth in business and build trust among its users but most world leaders are head bent on tackling bitcoin by making difficult policies to affect its stability, but little do they know that this policies of theirs make bitcoin to become more influential among other crypto ,making it scarce and the most sought after crypto currency thereby making the few people that have it to hod and inflate the price to which ever amount they wish to sale on peer to peer bases...what do you think
In the particular case of Venezuela, things are different, although the activity of cryptocurrencies and bitcoin is not regulated, there is a certain regulation in the mining of Bitcoin, since it makes them register in SUNACRIP (National Superintendency of Criptoactivos and Related Activities) to have a control data and those who do not, are in danger of suffering certain threats and intimidation by the State security forces. So far the trading activity is not regulated, the government manages Bitcoin because it is the only way to evade the different blocks that exist with respect to the economy with other countries.
It is normal for governments to try to take control, although for the business model that Bitcoin implements it turns out to be favorable for the government of Venezuela, which has a totally uncontrollable economy and a regulation for those who operate, it does not apply, in this case Venezuela is to be a tax haven for Bitcoin and cryptocurrencies, because their local currency is really worth nothing, that is why this type of exit is well seen so far.