The Venezuelan public woke up to terrible news indeed. According to the announcement, the Venezuelan government has finally begun fully monitoring and regulating cryptocurrency transactions within the country. The decree was published in the country’s Official Gazette that the SUNACRIP (Venezuelan National Superintendency of Crypto Assets and Related Activities) will take full authority over crypto transactions within the borders.
Starting from today, the residents who utilize cryptocurrency transactions will be subject to taxation of 15% of the transacted amount, limitations on the transactions as well as screening (ultimately taking away the anonymity).
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