Amid political turmoil in Venezuela, the government issued a decree establishing a legal framework for cryptocurrencies in the country.
The elaborate decree, consisting 63 articles, has set rules for the purchase, sale, use, distribution, and exchange of cryptocurrencies and related products. It also made a registration system mandatory.
One rule says heavy penalties, equivalent to 100 to 300 sovereign crypto assets, will be imposed for unlicensed crypto activities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.