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.
Latest Venezuela News
LocalBitcoins: P2P BTC marketplace shutting down, blames ‘very cold crypto-winter’
LocalBitcoins was one of the pioneers of P2P digital asset trading and introduced many to the industry, but it chose to stick to BTC and it’s now gone.
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.
Uphold exchange exits Venezuela, blames tough US sanctions
The exchange was beloved in Venezuela, but it says the sanctions have made operations almost impossible, further constricting the Venezuelan digital currency market.
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.
Venezuelan hackers who stole $1.9M in BTC arrested
The two reportedly used obfuscation protocols to cover their tracks, but police managed to track the heist to a company they are associated with.
Venezuelan army turns to block reward mining for money
The Venezuelan army has begun block reward mining to secure funds, in a bid to stave off the effects of economic collapse in the country.
Block reward mining legal in Venezuela—as long as they join national pool
Any local block reward mining operator must first obtain a license from the government, and be listed on a government register.
Venezuela blocks Coinbase in latest internet censorship
The Venezuelan government has continued its internet censorship, with digital currency exchange Coinbase being the latest casualty.
Venezuelan gov’t blocks digital currency health bonus payments
Over 60,000 healthcare workers may miss out on bonus payments after the Venezuela government blocked access to a local digital currency exchange.