Venezuela

Trading & ownership

Venezuela has a unique crypto environment driven by its economic crisis. The government created the Petro (PTR) in 2018, a state-issued digital currency backed by oil reserves. Crypto, including Bitcoin, is legal and widely used as a hedge against hyperinflation. The National Superintendence of Crypto Assets (SUNACRIP) was created in 2018 to regulate crypto asset activities. SUNACRIP has licensed exchanges and crypto service providers.

Payments & Commerce

Mining Operations

Exchange Licensing & AML/KYC

KYC: . AML:

Capital Gains Tax

There is no clear capital gains tax framework for crypto in Venezuela. Income from crypto mining may be subject to corporate or business income tax.

Income Tax (Staking/Mining)

Venezuela has a progressive income tax of 6-34 percent.

VAT & Sales Tax