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

Australia News News

Venezuelans reportedly hit by new Bitcoin tax of up to 20%
Australia Latest News,Australia Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

As the Venezuelan bolivar lost over 70% of its value in 2021 alone, the government is working to incentivize its use by planning a 20% tax on crypto and USD transactions.

“It is necessary to guarantee treatment at least equal to, or more favorable, to payments and transactions made in the national currency or in cryptocurrencies or crypto assets issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency,” the bill.

“It is necessary to guarantee treatment at least equal to, or more favorable, to payments and transactions made in the national currency or in cryptocurrencies or crypto assets issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency,” the bill
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

20 Instant Pot Meals You Can Make in 20 Minutes or Less20 Instant Pot Meals You Can Make in 20 Minutes or LessIf you're seeking a quick and easy meal, the set-and-forget recipes below will save you from spending hours in the kitchen when you'd rather be binge-watching your favorite sitcom. In the amount of time it takes to rewatch an episode of Friends on Netflix, your Instant Pot meal will be ready to serve and enjoy!
Read more »

20 Minutes of Vigorous Exercise a Day Adds Years to Your Life — Best Life20 Minutes of Vigorous Exercise a Day Adds Years to Your Life — Best LifeA new study has found that getting in about 20 minutes a day of vigorous exercise could easily add years to your life.
Read more »

Evergreen Park woman gets 2nd chance at prom, surprise engagement 20 years laterEvergreen Park woman gets 2nd chance at prom, surprise engagement 20 years laterA former Evergreen Park Community High School alum, who had a horrible prom experience, got the prom of her dreams 20 years later.
Read more »



Render Time: 2025-03-07 10:10:45