Tag: venezuela crypto

A New Bitcoin World

Venezuela’s Bitcoin Use Soars Amid Hyperinflation: 3rd on Global Crypto Adoption Index

Venezuela's Bitcoin Use Soars Amid Hyperinflation: 3rd on Global Crypto Adoption IndexVenezuelans have become increasingly interested in cryptocurrency as their country faces dire economic crisis and hyperinflation, a new study by blockchain data analytics firm Chainalysis shows. The firm’s Global Crypto Adoption Index ranks Venezuela third as “The country has reached one of the highest rates of cryptocurrency usage in the world.” Cryptocurrency Adoption Soars in […]

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August 31, 2020 0

305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro

305 Venezuelan Municipalities to Collect Tax in Cryptocurrency PetroVenezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed Venezuela’s National Tax Harmonization Agreement on Sunday, placing the cryptocurrency petro as the unit […]

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August 13, 2020 0

Pandemic Assistance: Maduro to Airdrop Cryptocurrency to All Doctors in Venezuela

Pandemic Assistance: Maduro to Airdrop Cryptocurrency to All Doctors in VenezuelaVenezuela’s President Nicolas Maduro has announced that he is airdropping cryptocurrency to every doctor in his country as a token of appreciation for their work to combat the coronavirus outbreak. The national cryptocurrency, the petro, will be distributed via the Homeland card (Carnet de la Patria). Also read: IMF Declares Global Recession, 80 Countries Request […]

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April 4, 2020 0