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

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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
 

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coindanslecoin Of course it will slow down. Also, I am not sure that Venezuelan will be able to track all crypto transactions. It's just a waste of time.

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coindanslecoin Turkish government: Encourage adoption of Bitcoin and Tether to beat inflation. Venezuelan government: Encourages additional taxes to win over its people.

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Venezuelan gov is a nest of thieves.

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