Venezuela Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Central Bank of Venezuela

Primary Legislation

Constituent Decree on the Venezuelan Cryptoactive System, e.g., trust law or securities segregation rules, Constitutional Law of the Venezuelan Cryptoasset System, Original decree that established the Petro and the initial framework, Ley Constitucional del Sistema Criptoactivo de Venezuela

Travel Rule

Not adopted

Tax Reporting

SUNACRIP Official Website: https://www.sunacrip.gob.ve/. SENIAT Official Website: http://www.seniat.gob.ve/. Profits realized from the sale or exchange of cryptocurrencies for fiat currency (Bolívares, USD, etc.) or other goods/services are generally considered capital gains.. These gains are typically subject to the standard progressive individual income tax rates as per the Income Tax Law (Ley de Impuesto Sobre La Renta - LISLR).. Current Individual Income Tax Rates (as of recent public information, subject to change): These rates range from 6% to 34% depending on the taxable income bracket.

Key Facts

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