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Defi

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On September 28, 2020, the National Office of the Superintendent of Securities (“SUNAVAL”) issued administrative guidelines under which it authorized the company Bolsa Descentralizada de Valores de Venezuela, S.A. (“BDVE”) to act as a decentralized stock exchange for 90 days (i.e., until 28 December 2020) (“Guidelines”). It also authorized (i) the registration of BDVE in the National Securities Registry, and (ii) the regulations and operating manual of BDVE. The BDVE website indicates that it is…