Tag: Venezuela

Doctors Aiding With the Coronavirus Crisis in Venezuela Will Each Receive 1 Petro

Venezuela President Maduro has an interesting opinion on how cryptocurrencies will work exactly. In fact, he is trying to bring more positive attention to the Petro by airdropping some to doctors helping out with the coronavirus pandemic. The Petro remains a very controversial cryptocurrency project. Petro Airdrop Won’t Make Much Difference Its value is seemingly non-existent, as are its potential use cases. Moreover, this asset is allegedly backed by Venezuela’s …
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XPay Brings Crypto Payments to Colombia and Venezuela

The financial situation in Venezuela continues to evolve in interesting directions. While Bitcoin is still frowned upon in the country, it is also becoming more common. XPay, a cryptocurrency payment processor, is now offering its services in Colombia and Venezuela. As such, pharmaceutical goods can now be purchased with Bitcoin, assuming people are willing to give this method a chance. A Bold Move by XPay Latin and South American countries …
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Venezuelan Company Paying Employees in Bitcoin Gets Shut Down

Various countries continue to oppose cryptocurrencies. Venezuela has become a notorious example in that regard. In a recent turn of events, the government is now targeting companies who pay employees in Bitcoin. One company has been officially sanctioned for doing so. Things got so bad that numerous employees were laid off in the process.  Venezuela has Many Problems Most people are aware of how Venezuela is struggling financially. The country …
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Venezuela Introduces Ambiguous Cryptocurrency Taxation Guidelines

Venezuela has always been an interesting country when it comes to Bitcoin and other cryptocurrencies. Despite this form of money being very popular, it also irates the local government. A new proposal has appeared in local newspapers which claims crypto transactions will be taxed. It remains unclear how the government plans to enforce such actions in the real world, though. Venezuela Wants to Tax Crypto Transfers It is not the …
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