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Venezuela

On May 1st, the Venezuelan government announced the increase in the minimum wage to a total of 10 million bolivares, as announced by the Minister of Labor, Eduardo Piñate. On the eve of the celebration of Labor Day, Piñate assured that "as of May 1st, an increase in the minimum wage to seven…
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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…

Innovative Inter Fintech and Open Banking project

Venezuelan banking faces the biggest challenges in innovation developments in an environment that constantly redirects strategies for the best and greatest provision of financial services. The term Open Banking refers to a business model…

Use of cryptos in Venezuela continues to rise

Venezuela has remained on the list of the five countries that make the most visits to cryptocurrency exchange pages, according to research conducted by Chainalysis. Although the coronavirus pandemic caused the transaction amounts to…

Venezuelan government announces increase in TU

Through Official Gazette No. 42,100 dated April 6, 2021, the Venezuelan government published a Ruling of the Integrated National Service of the Customs and Tax Administration (Seniat). In this document, the readjustment of the Tax Unit is…

Maduro announced new economic measures

The president of Venezuela, Nicolás Maduro, released a series of economic announcements that will seek to combat the situation generated by the coronavirus. From the Miraflores Palace, in Caracas, the national president indicated that some…