Venezuelan government has published a new decree that introduces taxation for operations with crypto and foreign fiat

The Venezuelan government has published a new decree that introduces taxation for operations with cryptocurrencies and foreign fiat currencies. The decree is accompanied with a regulatory framework behind the new rules, introduced amidst the state of economic emergency.

All citizens who deal in cryptocurrencies or foreign fiat currencies are now required to report their income and pay taxes in the same currency they operated in and not in the sovereign bolivar, the national currency. Which has been facing severe hyperinflation.

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Source: https://www.cryptodigest.com/featured/venezuela-taxes-cryptocurrency-and-foreign-fiat-operations/