Venezuela May Soon Be Collecting Taxes in Crypto

Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it. The Bolivarian Council of Mayors in Venezuela signed the so-called “National Tax Harmonization Agreement” for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of […]

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Top Venezuelan Exchange Launches Support for Offline Bitcoin Transfers

Venezuelan digital asset exchange Criptolago has introduced SMS-based cryptocurrency transfers. Venezuelan crypto exchange Criptolago has announced that it will launch a text message-based payment system that can process transactions in Venezuela’s oil-backed Petro (PTR) and other cryptocurrencies. The system may expose new segments of Venezuela’s population to cryptocurrencies amid the country’s ongoing hyperinflation crisis — […]

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Venezuelan Bolivar Trading Volumes on LocalBitcoins Hits New Record High

The amount of Venezuelan bolivars traded against Bitcoin hit another all-time high last week amid hyperinflation in the country. The volume of Venezuelan bolivars traded against Bitcoin (BTC) on the LocalBitcoins platform another all-time high last week amid rampant hyperinflation in the country. According to Bitcoin statistics website Coin Dance, bolivar volumes on peer-to-peer exchange […]

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