Deputy Lobo proposes Organic Law on Digital Economy to structure the national technological ecosystem

Published at: 17/10/2026 02:08 PM

The vice-president of the Committee on Economy, Finance and National Development of the National Assembly (AN), deputy Ramón Lobo, proposed the creation of an Organic Law on Digital Economy that allows organizing, articulating and strengthening the national technological ecosystem.

The initiative was presented during the International Summit on Public Management and Digital Economy (CIGED) Venezuela 2026, held in Caracas, according to the Latest News portal.

This legislative initiative seeks to provide a unified regulatory umbrella for a growing sector that requires promotion, promotion and clear rules. Opening his presentation, the parliamentarian emphasized that this area is integrated in a complementary way to the traditional productive structure.

“The digital economy is not an autonomous discipline. It's a discipline that's part of the economy,” he said.

In this regard, he pointed out that “organic law is the umbrella” and explained that special regulations will be derived from this governing instrument for electronic commerce, fintech services, digital assets, artificial intelligence and cybersecurity. He also urged avoiding laws that are rigid or subject to trademarks.

Lobo presented a balance sheet of the Venezuelan digital ecosystem organized in six functional dimensions: infrastructure, technology and interoperability; digital exchange and intermediation; digital assets; work, inclusion and digital capacity; data and privacy; and cybersecurity.

He pointed out that the country is not starting from scratch, thanks to the resistance of economic actors and the capacities accumulated during the pandemic and unilateral coercive measures.

“We are not at zero. We have accumulated capabilities. Whether they are enough or not is another matter. But we have them and we have to take advantage of them,” he said.

Regarding the regulatory landscape, the deputy pointed out that there are multiple laws applicable in a fragmented manner, such as the Decree with the Force of Law on Data Messages and Electronic Signatures, the Law on Information Government, the Organic Law for the Speed of the Optimization of Administrative Procedures, the Law on Science, Technology and Innovation, the Law on Telecommunications, the Organic Law of the National Financial System, as well as SUDEBAN regulations for fintech and the work of the National Cybersecurity Council.

“The challenge is to articulate, update and develop where appropriate,” he summarized, proposing tasks of adaptation and specific legislative development.

The approach of this legal instrument responds to the fact that, when reviewing regional legislation, the digital economy tends to appear dispersed. “There is no organic law that governs the behavior of these ecosystems, functional dimensions that we mentioned earlier,” he said.

The project seeks to “organize, order, promote, develop and govern the digital economy”, based on four principles: technological neutrality, functional and proportional equivalence, interoperability and protection.

As an institutional complement, the deputy proposed to form a National Council for the Digital Economy, attached to the Vice Presidency of the Republic given the cross-cutting nature of the digital area.

The parliamentarian stressed that this body will not absorb powers of existing bodies. “The competence of artificial intelligence must be a task of science and technology. The competence of payment systems must lie with the Central Bank of Venezuela. The competence over electronic commerce must be the responsibility of the Ministry of Trade and Industry,” he said.

Under this scheme, the council will act as an articulating entity with the participation of unions, popular power, universities and socio-productive sectors, supported by a technical secretariat.

“Coordinate without concentrating competencies. Articulate to guide public action,” he summarized.

In his closing remarks, Lobo reiterated that the success of this effort lies in the synergy between technological tools, the productive sector and institutions. “They must be integrated into a productive fact,” he said with the goal of raising productivity, promoting inclusion and diversifying the Venezuelan economy.

Mazo News Team