- Joselit Ramirez, the top authority on cryptocurrency policies in Venezuela, has been removed from his position by President Nicolas Maduro and has since been arrested for his alleged involvement in acts of corruption.
- A comprehensive restructuring of the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) was called for in an Official Gazette published by the Venezuelan government on March 17, affecting a significant portion of the institution’s management staff.
- Anabel Pereira Fernandez has been appointed as the new National Superintendent of Crypto Assets and Related Activities to coordinate the restructuring of SUNACRIP, a mixed commission consisting of a president and four directors endorsed by Maduro, who will be supervised by the Ministry of Economy, Finance, and Commerce.
Venezuela’s Crypto Regulator, Targeted with $5M Bounty, Removed and Arrested
The Homeland Security Act set into motion what would become the single-largest government reorganization since the creation of the Department of Defense. One of the agencies in the new Department of Homeland Security was the Bureau of Immigration and Customs Enforcement, which is now known as U.S. Immigration and Customs Enforcement or ICE .
A continuación publicamos la Gaceta Oficial Extraordinaria donde se crea la Junta Reestructuradora de la Sunacrip. https://t.co/au7uiaU7LB— Asonacrip (Asociación Nacional de Criptomonedas) (@AsonacripVe) March 18, 2023
Joselit de la Trinidad Ramirez Camacho, who was the superintendent of cryptocurrency in Venezuela, has been added to HSI’s Most Wanted List by United States Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) New York . Ramirez Camacho was accused of having deep political, social, and economic ties to multiple alleged narcotics kingpins, including Tareck EI Aissami. He has also been indicted in the Southern District of New York for alleged violations of the International Emergency Economic Powers Act and the Kingpin Act, as well as other sanctions imposed by the US Treasury Department’s Office of Foreign Asset Control.
A reward of up to $5 million was made available by HSI for information leading to the arrest or conviction of Ramirez Camacho . Ramirez Camacho was accused of participating in a scheme to steal from Venezuela’s oil operations, according to Venezuelan media outlets . He was removed from his position by the Venezuelan government and arrested for alleged participation in acts of corruption. According to reports, Venezuelan authorities were investigating a corruption scheme through which $3 billion from Venezuelan oil sales were diverted to avoid appearing on the official accounts of the Venezuelan government.
Removed and replaced
On March 17, Joselit Ramirez, the top authority on cryptocurrency policies in Venezuela, was removed from his position by the President of the Republic, Nicolas Maduro. Ramirez has since been arrested under investigation for participating in a scheme to steal from Venezuela’s oil operations. His removal affects not only Ramirez but also a significant portion of the institution’s management staff, as it calls for a comprehensive restructuring of the National Superintendency of Crypto Assets and Related Activities (SUNACRIP). A mixed commission was appointed to coordinate the restructuring of SUNACRIP, consisting of a president and four directors endorsed by Maduro who will be supervised by the Ministry of Economy, Finance, and Commerce.
#Urgente🔴 A través del siguiente comunicado la Policía Nacional Anticorrupción informa que se solicitó ante el MP el encauzamiento de individuos vinculados al poder judicial, industria petrolera y alcaldías municipales. Lea aquí ⬇️⬇️#BastaDeImposiciónImperial pic.twitter.com/qidOEORe7T— Alfred Nazareth (@luchaalmada) March 17, 2023
Ramirez assumed his position in June 2018, replacing Carlos Vargas, a former congressman, and member of the opposition party Un Nuevo Tiempo, whom the government tasked with coordinating the creation of the national cryptocurrency “Petro.” Known for his political ties to Tareck El Aissami, Ramirez was responsible for the installation of the National Crypto Assets System and promoting the legal framework that governs the cryptocurrency ecosystem in Venezuela, as well as its ancillary regulations. Like El Aissami, Ramirez is currently sought by US authorities for his alleged participation in a smuggling scheme coordinated by high-ranking members of the Venezuelan government. The US government is offering $5 million for information that can lead to his arrest.
Analysis of the SUNACRIP Restructuring Decree could similarly support the theories surrounding Ramirez’s alleged involvement in acts of corruption. President Maduro declared “that it is the duty of the State to take all measures at its disposal to protect the Venezuelan people from the negative effects of the multiform aggression that is taking place against the country and, especially, against its economy.” The decree adds that the functioning of the administration “will tend towards the rational use of human, material, and budgetary resources.”