Joselit Ramirez, the top authority on cryptocurrency policies in Venezuela, has been removed from his position by none other than the President of the Republic, Nicolas Maduro. Ramirez has since been arrested, according to Venezuelan media, under investigation for participating in a scheme to steal from Venezuela’s oil operations.

According to an Official Gazette published by the Venezuelan government on March 17, 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).

Although President Maduro has not issued an official statement, and the government has not provided reasons for Ramirez’s removal, the rumor that has gained greatest traction is his alleged involvement in acts of corruption. According to Venezuelan media outlet Últimas Noticias, Ramírez was arrested by the National Anticorruption Police after the issuance of a request for judicial proceedings against “a series of citizens who could be involved in serious acts of administrative corruption and embezzlement of funds.”

Últimas Noticias explains that Venezuelan authorities are investigating

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Author: Jose Antonio Lanz

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