Crypto News 

Venezuela Introduces Crypto, Foreign Fiat Operations Taxation

“Venezuelan government has published a new decree that introduces taxation for operations with cryptocurrency and foreign fiat in its official newspaper Monday, Jan. 7” writes Ana Berman for The decree states that Venezuela’s tax and customs duties regulator (SENIAT) will soon provide guidelines, describing how to report and pay crypto and foreign fiat taxes.The exact rates of crypto taxation have not yet been specified. As Cointelegraph reported last August, Petro is now used as a unit of account in the country, with salaries and the prices of goods and services tied to the oil-backed national cryptocurrency.

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