#CryptoRegulation In the case of Venezuela, it did not serve to monitor the activity of the authorities selected to protect the public or investors. It only served for regulators to carry out fraudulent operations with little transparency and defrauding even the public treasury with other subordinate activities. The scandal dealt a severe blow to mining activity and the entire crypto sector of the country, and the supervision activity was assumed by the Superintendency of Banks, a decision that has not been changed to date, keeping the sector in inertia and without a specialized regulatory body in the matter. A situation that obliterated the governmental initiative embodied in the petro ($PTR). All the energy dedicated to that launch was demolished due to those harmful maneuvers surrounding the activity.
