While Venezuela has been a leading country for cryptocurrency adoption in Latam, its citizens don’t have access to cryptocurrency ATMs. However, this might change in
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P2P payments spurred crypto adoption across Venezuela in 2021
Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country.
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Venezuelans reportedly hit by new Bitcoin tax of up to 20%
Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis.
Read moreVenezuela passes new tax for crypto and foreign currency investments
The global crypto regulatory framework has significantly evolved, and this has largely been attributed to the increased rate of adoption. As one of the largest
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Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions
The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of
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Colombia clamps down on crypto tax evasion as adoption thrives
Colombia’s tax authority is tightening the screw on Bitcoin and cryptocurrency-related tax evasion against a backdrop of burgeoning cryptocurrency adoption.
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