The newly introduced regulatory rules are to make sure a healthy and crypto-friendly environment persists while protecting the investor’s interests.
The central bank said that it is currently monitoring global developments and changes in the crypto space.
President Maduro said that the Youth Bank will be working on “productive initiatives” for the Venezuelan youth.
Huobi will use a national level strategy by deploying its resources, technology, talent and capital in the development of the blockchain industry.
The blockchain-based system will facilitate real-time settlements between banks thereby overcoming the limitations of traditional banking systems.
The company says that the drop in the crypto-wallet funding was a reason for the decline in the earnings growth rate.
The legalization of ICO token sales will take place under strict government and regulatory supervision.
The MOBI will help to streamline multiple processes using blockchain, especially in the backend service industry thereby reducing costs considerably.
Some sources claim that owing to higher regulatory oversight and control, Telegram might have cancelled its plans for the public sale of its tokens.
The exchange will replace the existing CHESS system with blockchain technology while adding new features to the platform.