In comments at a television broadcast quoted by TeleSur, the new "supercreditor of Cryptocurrency "of the country, Carlos Vargas, confirmed that citizens who exploited Bitcoin and other cryptocurrencies did not violate the law

Venezuela made headlines several times after reports revealed that police were cracking down on mining operations, accusing those involved of undermining the power of the national network.

" A perfectly legal activity ]", announced Vargas in a dramatic reversal. He continued:

"We have had meetings with the Supreme Court so that people who have been victims of seizures and arrests in previous years are dismissed."

In the same address, Vargas confirmed that the highly controversial Petro cryptocurrency, initiated by President Nicolas Maduro, would go from before Feb. 20.

Petro faced an uncertain future almost as soon as Maduro announced the project, with commentators suggesting that investors would be difficult to find given the number of sanctions against Venezuela, which the president hoped would coin could help bypass

the Venezuelan opposition-run parliament that has been working against the president since 2016, called the coin "fraud" earlier this month.

Petro is designed to be supported by Venezuela's oil reserves, with a token equivalent of one barrel. This would give the Petro 100 million a market value of almost $ 6 billion.