Venezuela extends digital asset regulator Sunacrip’s reorganization by half year
Sunacrip was shut down in March, and its founding president, Joselit Ramirez, was arrested; President Maduro has extended the reorganization to March next year.
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Venezuela shuts down exchanges, BTC miners in fresh crackdown: report
Digital assets are at the center of a national oil scandal in which $20 billion is reportedly missing, with the country’s top Bitcoin regulator now in prison on corruption charges.
Venezuela reorganizes national digital assets department
Facing corruption charges, Joselit Ramirez was booted out from President Nicolás Maduro's Sunacrip, the agency overseeing the country's digital asset sector, following an overhaul.
US: 5 Russians, 2 Venezuelans charged with evading sanctions using virtual currencies
Seven people alleged to be criminal enablers of Russian oligarchs could land three decades in the U.S. jail over charges of using shell companies and virtual assets to evade global sanctions.
Venezuela to levy 20% tax on digital currency transactions as adoption rises
To protect the bolivar, the government is reportedly going after digital currency users, imposing a 20% tax on BTC transactions to curb its growing usage for payments in the South American country.
Venezuela to launch digital bolivar in October, slashes six zeros from currency
After years of experimenting with the controversial Petro digital currency, Venezuela is now set to launch the digital bolivar, the country’s version of a central bank digital currency.
Nicolas Maduro promises digital currency ‘surprise’ for Venezuela
President Nicolas Maduro recently told Venezuelans that his government is working on a digital bolivar, promising a big surprise announcement soon.
Venezuela to accept taxes in Petro
The National Tax Harmonization Agreement will implement an information exchange and monitoring system for companies that will allow them to pay taxes in Petro.
Venezuela forces gas stations to accept petro amid petrol price hike
The government has started requiring all gas stations in Venezuela to sell petrol at a discount in exchange for Petro.
Venezuelan digital currency chief wanted in US
U.S authorities have placed a $5 million bounty on Joselit Ramirez, the head of Venezuela’s digital currency agency.
Rogue regimes embracing crypto to evade sanctions
Unfortunately, not all foreign states are using cryptocurrencies for reputable purposes.
Scam Petro abandoned in Venezuela: Report
Merchants in Venezuela are refusing to accept payments in Petro crypto, claiming that exchanging the Petros for bolivars is difficult and leads to huge losses.