Venezuelan Opposition Leader Pushes for Bitcoin as National Reserve Asset
María Corina Machado proposes #Bitcoin as #Venezuela’s reserve asset to fight hyperinflation and rebuild wealth. #Bitcoin #Venezuela
venezuela
IMF Report Calls for Higher Taxes on Crypto Mining and AI Data Centers
#IMF calls for a $0.047/kWh tax on crypto #mining to cut emissions. Global power use could hit 3.5% by 2025! #Crypto #Sustainability
Binance Struggles with Access in Venezuela Amidst Political Tensions
Venezuela tightens internet controls, limiting access to key digital platforms like X, #Binance, and MercadoLibre following disputed elections. #Regulations
Social Media Clampdown: Maduro Bans X as Election Dispute Grows
President #Maduro bans X amid election fraud allegations, escalating tensions with #Elon Musk and sparking international concern.
Venezuela Bans Crypto Mining to Stabilize National Power Supply
#Venezuela halts #Bitcoinmining to ensure stable power and reduce blackouts, prioritising energy for citizens over crypto operations. #Bitcoin #Venezuela #Energy
Venezuela Devalues Currency by 35% – Bitcoin is the Only Solution?
Currency has lost a third of its value against the USD this month. The Venezuelan government has been struggling to combat inflation. The move comes when Venezuela is facing a political crisis. On Monday, the Venezuelan currency was virtually 35 percent devalued to bring it in line with the black market dollar-to-bolivar exchange rate. The official exchange rate fell to 7.10 bolivars per U.S. dollar, 1.60 bolivars less than the parallel value. Asdrubal Oliveros, head of market research firm Ecoanalitica, explained there are two factors affecting the exchange rate: The first one has to do with the rise of public
Venezuela Approves 20% Tax on Bitcoin and Crypto Transactions
Venezuela applies 20% tax on Bitcoin and crypto transactions. Tax will apply to transactions on all foreign currencies. Only El Petro and the national currency are exempt from the tax. Following India’s decision to apply tax on crypto transactions, Venezuela comes to a similar decision. Specifically, the Venezuelan government has decided to apply a 20% tax on Bitcoin and crypto transactions. In response to this tweet from Watcher.Guru, many responded saying the 20% tax is too much. Still, this 20% tax is much less than India’s decision to tax 30% on crypto sales transactions. In detail, the Venezuelan government approved
