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.
Latest Venezuela News
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.
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 military confiscate 315 mining rigs
The equipment is valued at $79,000, and its operator can face an $18,000 fine over unregistered block reward mining operations.
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.