Tag: Venezuela

Venezuela Starts Regulating Crypto Remittances

Venezuela Starts Regulating Crypto Remittances The Venezuelan government has begun regulating cryptocurrency remittances. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced. Also read: Indian […]

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro On Jan. 8, the World Trade Organization (WTO) published a dispute settlement request that was filed by the Bolivarian Republic of Venezuela with regards to executive orders and sanctions maintained by the United States that target Venezuela and the nation’s […]

Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies

Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies The Venezuelan government has published a decree requiring taxpayers with crypto operations in the country to pay their taxes in cryptocurrencies. Similarly, operators of foreign currencies must pay their taxes in those currencies. The decree states that the change is necessary for […]

Venezuela Approves Law Granting Legal Effect to the Petro

Venezuela Approves Law Granting Legal Effect to the Petro A government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital […]

Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year

Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year The Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of […]

Venezuela Begins Public Sale of National Cryptocurrency Petro

Venezuela Begins Public Sale of National Cryptocurrency Petro The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from […]

Venezuela Authorizes 6 Exchanges to Start Selling National Cryptocurrency Petro

Venezuela Authorizes 6 Exchanges to Start Selling National Cryptocurrency Petro Venezuela has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the government’s website. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report. Also […]

Venezuela Demands Citizens Pay for Passports With Petro

Venezuela Demands Citizens Pay for Passports With Petro Venezuelan authorities have found another way to impose the adoption of the state-issued cryptocurrency, the petro. Citizens will soon have to pay with the government-controlled digital coin if they want to obtain a travel document. Hundreds of Venezuelans are leaving the crisis-hit […]