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  1. Financial Services Regulatory
  2. Venezuela: Trends in custody and exchange of cryptoassets

Venezuela: Trends in custody and exchange of cryptoassets

12 Sept 2025    1 minute read
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Fintech Cryptoassets FSR

In brief

The use of cryptocurrencies continues to transform global finance, and Venezuela is no exception. An increasing number of people and companies are adopting this efficient alternative to carry out financial and commercial operations.


Contents

In depth

Venezuelan legislation allows the custody and exchange of cryptoassets, different from those created by the National Executive and widely used in the country for commercial operations.

Recently, in accordance with Article 11 of the Constituent Decree on the Comprehensive Cryptocurrency System, new authorizations have been granted to legal entities to operate as cryptocurrency exchangers and custodians. These authorizations allow for the exchange and custody of cryptoassets. Exchanges can be made in fiat currency, depending on the user's needs.

Authorized operators must comply with the provisions of Ruling No. 044-2021, which sets out strict rules on digital security, user identification, transaction reporting and the prevention of money laundering. These regulations seek to ensure transparency and security in the use of cryptoassets within the country.

For more information, contact us.

*****

Click here to read the Spanish version.

Contact Information
Maria Eugenia Salazar-Furiati
Partner
Caracas
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mariaeugenia.salazar@bakermckenzie.com
Héctor Martínez
Associate
Caracas
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hector.martinez@bakermckenzie.com
Federico Palma N.
Associate
Caracas
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federico.palma@bakermckenzie.com

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