Venezuela Financial News

12.02 / 18:33

business Blockchain Adoption Bitcoin P2P payments spurred crypto adoption across Venezuela in 2021

For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible.

07.02 / 18:17

UPS Digital Bitcoin Venezuela: New tax regime levies upto 20% tax on cryptocurrency transactions

A taxation frenzy has gripped cryptocurrency markets worldwide, as several countries introduced tax regimes for the nascent asset class over the past few weeks. The latest such development has popped from Venezuela, where the government is set to impose an exorbitant structure on crypto payments.

07.02 / 16:57

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

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.

07.02 / 13:31

Government Taxes Bitcoin Venezuelans reportedly hit by new Bitcoin tax of up to 20%

The Venezuelan government has approved a new tax bill aiming to collect up to 20% in taxes from cryptocurrency transactions, according to local reports.

02.02 / 13:32

Government Adoption Gemini Bitcoin tax evasion Colombia clamps down on crypto tax evasion as adoption thrives

Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders.

30.01 / 17:45

Ethereum Bitcoin Digital Denarius: How a crypto revolution could have saved the Roman Empire

Two currency crises two thousand years apart. Modern-day Venezuela and the Roman Empire have more in common than you might think. Both know too well the dangers of soaring inflation and a collapse in investor confidence. But, only one has crypto on its side.

21.01 / 04:03

cryptocurrency Adoption Venezuelan Vice Minister Tells Investors to Pay in Crypto to Dodge Sanctions

A Venezuelan minister has been singing the praises of crypto – and suggesting that the government, which amassed a large bitcoin (BTC) and ethereum (ETH) “stash,” plans to attract international and domestic investors by convincing them to use cryptoassets.

15.01 / 12:21

Adoption South America ATM Bitcoin Uruguay reportedly installs its first Bitcoin ATM

Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations.

14.01 / 09:51

Russian diplomat refuses to rule out military deployment to Latin America

A top Russian diplomat on Thursday refused to rule out a military deployment to Cuba and Venezuela if the US and allies don't stop military activities on Russia's doorstep.

07.01 / 13:23

Altcoin Funding community Spanish LGBT token responds to critics, says it expects listings soon

Spanish LGBT-related token MariCoin (MCOIN) has responded to the community following skepticism around the project’s concept and goals.

23.12 / 12:32

Law Adoption South America Bitcoin Paraguay moves a step closer to regulating digital currency

On Dec. 17, 2021, the Senate of Paraguay approved a cryptocurrency bill introduced in July. The provisions, which define several key terms including virtual assets and call for licenses to mine cryptocurrencies, will now be sent to the Deputy Chamber for further deliberation.

10.12 / 01:19

Blockchain Stablecoin Adoption Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods

Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of Venezuela and Colombia who shared their positive experiences with Reserve.

21.11 / 12:09

Blockchain Adoption South America Bitcoin Training Venezuelans promised Axie Infinity scholarships for crypto training courses

A gubernatorial candidate from Venezuela has promised to offer scholarships for citizens interested to join the Technical Training Center for Mining and Administration of Digital Crypto Assets.

19.11 / 15:55

Flushing boost Venezuela Turns to Flashy Casinos, SUVs and U.S. Dollars for an Economic Boost

CARACAS, Venezuela—A dozen casinos are opening here in a country where the Socialist government had banned gambling as a capitalist vice. And stores that were barren just a couple of years ago are now flush with imported goods, ranging from $8,000 bicycles to frozen desserts from the Cheesecake Factory.

18.11 / 04:07

Ethereum Adoption Latin America Bitcoin Trackers Crypto Exchanges & Bitcoin Price Trackers Among Venezuela’s Most-Visited Websites

The Venezuelan President Nicolás Maduro and his cohorts have long banged the drum about creating a “crypto-powered economy” – but it appears that either the message has got through to citizens, or Venezuelans have been adopting crypto of their own accord.

11.11 / 21:55

business Blockchain Stablecoin Adoption Reserve Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America

One under the radar cryptocurrency-powered payment app that's been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token (RSR), which is used for protocol governance.

02.11 / 10:15

Amazon Agriculture end Over 100 world leaders make landmark pledge to end deforestation by 2030

The first major deal of COP26 is due to be signed later today (2 November), as more than 100 world leaders commit to ending deforestation by 2030.

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