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Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions

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 the country, the tax, called the “large financial transactions” tax would collect up to 20% over transactions made in currencies different from the national fiat currency or the Petro.

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