Tag: Venezuela

Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has […]

Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

Crypto Adoption Remains Strong in Venezuela Amid Political Chaos The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent […]

Crypto Charity Airdrop Venezuela Raises $292K – Mostly in BCH

Crypto Charity Airdrop Venezuela Raises 2K – Mostly in BCH According to the founder of Airdrop Venezuela, the charity that aims to donate US$ 1 million worth of cryptocurrencies to Venezuelans, the nonprofit has registered 60,000 beneficiaries and raised $ 292,000 in donations so far. Moreover, bitcoin cash (BCH) has […]

Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout Venezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most […]

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $ 51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by […]

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 […]