Decree No. 4,784 was recently published, which exempts cryptocurrency purchase/sale operations, such as Bitcoin, and payments made with these assets for goods and services within Venezuelan territory from the payment of the Tax on Large Financial Transactions (IGTF).
This measure also applies to…
Read More...
Browsing Tag
Petro
Maduro made economic announcements for Venezuela
Venezuelan President Nicolás Maduro made a series of economic announcements this week, highlighting the creation of a possible cooperation agreement between the country and Colombia.
During the National Council of Productive Economy, the…
Venezuelan authorities catch cryptocurrency scammer
A man was recently arrested in Venezuela for allegedly carrying out scams using a cryptocurrency of his own creation, called Petro Oro 5.0.
The Corps of Scientific, Penal and Criminalistic Investigations of Venezuela (CICPC), indicated on…
Crypto scam to PDVSA retirees
The Venezuelan Scientific, Penal and Criminal Investigations Corps (CICPC in Spanish) announced the arrest of a group of criminals who operated within the state of Monagas and were dedicated to stealing cryptocurrencies from retired workers…
Venezuelan chain of stores Canguro receives payments with Petro
The National Superintendence of Crypto Assets and Related Activities (Sunacrip) authorized the Canguro store chain to receive the Petro cryptocurrency as a form of payment for its products using the "PetroPago" payment gateway.
The…
BitBase will install ATMs for cryptocurrencies in Venezuela
The Spanish company for the purchase and sale of virtual currencies BitBase is negotiating with Venezuelan authorities the importation and installation of 10 ATMs for cryptocurrencies that could come into operation by the end of this year.…
Published in Official Gazette Venezuelan wage increase
This week Official Gazette No. 6,691 was published, which establishes the validity of the minimum wage as of March 15, 2022.
According to part of the text, specifically in article 1, "the mandatory monthly national minimum wage is…
The Petro already has its own application
This week, the National Cryptocurrency Association (Asonacrip) announced the official launch of the Petro application.
Through Asonacrip's official Twitter account, it was indicated that this app is called "Petro-App", and that it is…
Government of Venezuela increased the minimum wage to half a petro
During a speech this Thursday, March 3, Nicolás Maduro announced the increase in the minimum wage to half a petro, which is equivalent to 126.32 bolívares, according to the price presented to date by the Central Bank of Venezuela (BCV) of…
CICPC and Sunacrip warn of digital fraud
The Computer Crimes Division of the Scientific Criminal and Criminal Investigations Corps (CICPC in Spanish) and the National Superintendency of Crypto Assets and Related Activities (Sunacrip) issued a warning to Venezuelan citizens to…
Maduro authorizes credits in foreign currency
Venezuelan President Nicolás Maduro assured that he instructed Vice President Delcy Rodríguez to authorize credits in foreign currency within public banks.
"I believe that the time has come to give credits in public banks in foreign…
Venezuela to open museum on bitcoin mining
Cryptocurrencies arrived on the Venezuelan financial scene almost a decade ago. Activities such as the purchase and sale of bitcoin, marketing and payments in said asset – the main cryptocurrency in the market – as well as the sending and…