Venezuela

Venezuela to levy 20% tax on digital currency transactions as adoption rises
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11 February, 2022

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...
Venezuela to launch digital bolivar in October, slashes six zeros from currency
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11 August, 2021

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...
Nicolas Maduro promises digital currency ‘surprise’ for Venezuela
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2 March, 2021

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...
Venezuelan hackers who stole $1.9M in BTC arrested
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5 December, 2020

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...
Venezuelan army turns to block reward mining for money
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4 December, 2020

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...
Block reward mining legal in Venezuela—as long as they join national pool
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25 September, 2020

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...
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