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Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions

Amy Liu

Summary: The Venezuelan government has approved a new tax that will affect transactions and payments made with cryptocurrencies and foreign currency. The tax establishes that any transactions or payments made in foreign currencies or cryptocurrencies, without a limit quantity, will have to pay up to 20% over each movement, depending on the nature of it and ...

The Venezuelan government has approved a new tax that will affect transactions and payments made with cryptocurrencies and foreign currency. The tax establishes that any transactions or payments made in foreign currencies or cryptocurrencies, without a limit quantity, will have to pay up to 20% over each movement, depending on the nature of it and the companies or persons making them. The tax seeks to incentivize the use of the national currency.

By Amy Liu

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Link: Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions   [Copy]
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