sunacrip

Binance is highly integrated into the day-to-day lives of thousands of Venezuelans
The request for employment data, income certifications, and the possible launch of a card suggests that regulation is imminent.
The collection of employment and financial data is often a preliminary step before launching cards.
The request for employment data and income certification is not exclusive to Venezuela.
Binance’s presence in Venezuela is undeniable. The largest exchange in the market arrived in the country years ago and, without registration or authorization from the State, has managed to become involved in the daily lives of Venezuelans.

Binance does not need a license from Sunacrip.
The statement dismantles the main doubt circulating in Venezuela’s cryptocurrency ecosystem
💳 Can you use the Binance card in Venezuela without any issues? An expert explains what local law requires, how Mastercard comes into play, and what will determine whether it will truly be useful in the country.
To answer the question about the license, a lawyer reviews Venezuelan law and Mastercard’s program—and addresses the doubt.
Sunacrip cannot demand what is not within its jurisdiction.

📌 QUICK SUMMARY
- Crypto regulation is advancing in the USA, Europe, and Asia
- In Venezuela, there's a legal void but crypto is still being used
- Regulation isn't bad if it protects the user
- Too many rules can stifle innovation
- Understanding the legal landscape helps you avoid issues
👇 Keep reading to stay updated
What's happening in the world?
United States
The SEC is suing the largest exchanges Coinbase, Binance, and Kraken
Justice hasn't defined whether crypto is securities or commodities
Meanwhile, the big banks are rolling out their own stablecoins

Deputy Genkerve Tovar stated that they have set up working groups to advance a potential bill.
The parliamentarian declared that it is "very necessary" to update the regulation of the sector in Venezuela.
Tovar mentioned that a group of enthusiasts has submitted proposals to the Innovation Subcommittee.
Seven years have passed since the decree was approved, allowing for the innovative and pioneering legal use of cryptocurrencies in Venezuela. But nowadays, an update to that regulatory framework seems necessary for an ecosystem where Bitcoin (BTC) and other digital assets, like stablecoins, have been integrated—out of necessity—into the economic dynamics of the citizens.