One of the problems that governments are facing with bitcoin and other crypto-coins is the lack of regulation. However, the Venezuelan government intends to change this scenario by requiring that miners of virtual currencies be registered.
According to Übergizmo, President Nicolás Maduro has named Carlos Vargas as the first “superintendent of the Venezuelan cryptomoeda.” Vargas says the government wants to know who the people are mining the virtual currencies, where they are and the type of equipment they use. Online registration is scheduled to come online on December 22.
This is an effort to try to reduce or at least keep up with the movement of crypto-coins. Recently, Venezuelan police invaded a warehouse in the city of Barquisimeto and arrested a 31-year-old man accused of using bitcoin for money laundering, illicit enrichment, computer crime, terrorism financing, currency fraud and damage to the national electricity system.
According to police, the digital currency is not endorsed by any banking institution in the world, nor has it been approved by any country. “The currency is being marketed with a legal appearance but, in essence, it operates in secret,” he says.