Venezuela

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Venezuela’s Maduro Purges Crypto Offices of ‘Mafia’ Influences – ‘Hundreds’ Arrested

Published on march 22, 2023

Venezuela’s President Nicolás Maduro says he has “purged mafia influences” from his government’s crypto regulators – after overseeing the arrest of one of his former right-hand men.
Earlier this week, Maduro green-lighted the arrest of Joselit Ramírez, the head of the Superintendencia Nacional de Criptomonedas (Sunacrip). Sunacrip is the government body that supervises crypto-related policy….
Read More: Venezuela’s Maduro Purges Crypto Offices of ‘Mafia’ Influences – ‘Hundreds’ Arrested

Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension

Published on march 2, 2022

Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region, damaging their capability to move funds, which is highly […]

Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes

Published on february 7, 2022

 
Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar….
Read More: Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes

Pensioners of the National Oil Company Will Receive 2 Petros as a Gift in Venezuela

Published on december 27, 2021

The pensioners of the state-owned oil company of Venezuela, PDVSA, have started receiving a Christmas bonus in petros (PTR), the first national cryptocurrency launched back in 2018. The petro, which is backed by Venezuelan oil and other resources, can be traded in local exchanges for these pensioners to access fiat currency, as the reach of […]