Venezuela launched a decentralized stock exchange after President Nicolas Maduro announced several initiatives on October 1, aimed at countering sanctions imposed by the United States.

• President Maduro detailed several strategies, putting cryptocurrencies front and center, and saying that the new law would promote digital currencies
• The decentralized stock exchange, BDVE, was launched a few hours later; traders will reportedly be allowed to trade tokenized versions of traditional assets on the Ethereum (ETH) blockchain
• The pilot exchange will run for 90 days; following which local regulators will determine if it should continue
• Tradable assets include stocks, ETFs, real estate, derivatives, commodities, and bonds; these assets will take the form of ERC-223 or ERC-721 tokens