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 receiving of remittances have contributed to the commercial…
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Petro
Zulia State in Venezuela could have its own bitcoin city
The governor of the state of Zulia, Omar Prieto, spoke about the possibility of Venezuela having its own "bitcoin city."
This project would be based on a "healthy and modern trading system with cryptocurrencies" that can be used and…
The Venezuelan cryptocurrency Petro turned three years
The Petro, the Venezuelan cryptocurrency devised by the president, Nicolás Maduro, to pay international suppliers in the face of the country's shortage of currency, turned three years since its launch on Saturday, February 20.
In 2018,…
Cryptocurrency adoption continues to grow in Venezuela
Through a recently issued statement, the Venezuelan subsidy allocation system, Patria, announced the gradual incorporation of the Bitcoin and Litecoin wallets to the platform. They will interact with the Venezuelan cryptocurrency, the…
BDV online launches cryptocurrency transactions
This Monday the Banco de Venezuela (BDV) announced that launching of operations with the petro, the Venezuelan cryptocurrency, under the supervision of the National Superintendency of Crypto Assets and Related Activities (Sunacrip).…
Venezuela updates providence for cryptocurrency remittances
The Patria Platform announced that as of the publication in Official Gazette No. 41,955 on September 1st, 2020 of Providence No. 057-2020 of the National Superintendency of Crypto Assets and Related Activities, th Government started to…
Venezuela will collect taxes through crypto
The Bolivarian Council of Mayors in Venezuela has signed a "National Tax Harmonization Agreement" in accordance with the country's 305 municipalities, which allows city residents to pay taxes and fines using the national cryptocurrency…
Maduro wants the petro to be the unit of exchange for agriculture and food transactions
The Venezuelan president, Nicolás Maduro, expressed the intention to transform the petro, the Venezuelan cryptocurrency, into the usual unit of exchange for transactions in the agriculture and food sectors.
This was expressed in his…
LocalBitcoin adds support for the petro
This Friday it was learned that the LocalBitcoin platform added to its support for buying and selling cryptocurrencies to the Venezuelan petro.
This is how now the regular users of the cryptocurrency created by the Venezuelan government…
Tax reform would seek to overcome economic difficulties in Venezuela
As part of the restructuring of monetary policies, Nicolás Maduro and the National Constituent Assembly are promoting a tax reform that will charge a tax between 5% and 25% on transactions in foreign currencies and crypto assets, thus being…
Venezuela launches event on the petro, its operation and scope
PricewaterhouseCooper (PwC) Venezuela and Aristimuño Herrera & Asociados, will carry out on March 19 an event aimed at orienting Venezuelan managers and business leaders regarding petro and its implications in the economy of Venezuela…
Cryptocurrencies on the focus of central banks
The volume of countries that show interest in cryptocurrencies increases daily. The US, India, Cambodia, Cuba and the United Kingdom are considering the creation their own digital currency backed by central banks.
The incidence has lead…