# Venezuela News

In a country that many believe proves how fiat currencies can destroy an entire country’s infrastructure and economy, the first Bitcoin ATM in Venezuela will finally be installed, about two weeks from January 20, 2019. A Never-Ending Economic Crisis Venezuela actually tops the misery index thanks to the ongoing economic...

On January 7, 2019, the government of Venezuela published a decree detailing the process of taxation payment with regards to cryptocurrencies and foreign fiat currency. As cryptocurrency becomes more widely used, the subject of its taxation inevitably comes up. In places like the United States, the Internal Revenue Service has...

On January 7, 2019, Brazilian President Jair Bolsonar tweeted that the government was going to open a "black box" into the operations of the national development bank, days after an Indigenous cryptocurrency project was halted. The Project In late 2018, there were plans by the Brazilian government to launch an indigenous...

Popular cryptocurrency exchange Coinbase recently donated $10,000 in ZCash (ZEC) to support the GiveCrypto.org project located in Santa Elena de Uairen by the Venezuelan border. According to Coinbase’s Medium blog post published on December 11, 2018, the digital exchange believes that donating cryptocurrencies will provide Venezuelan families many benefits which...

On December 10, 2018, the co-founder of privacy-oriented cryptocurrency ZCash asked community members to participate in AirdropVenezuela. The charitable venue promises to raise $1,000,000 to support 100,000 Venezuelan citizens as well as promote adoption of the cryptocurrency wallet Airtm. Cryptocurrencies Greatest Use Case Following the mass of reports regarding hyperinflation...