Venezuela: Maduro Administration Targets Bitcoin Remittance26.4

The Venezuela government is reportedly making a move towards collecting fees on Bitcoin remittance payments in the country. This step comes as the cash-strapped Maduro administration continues to seek ways to finance itself in the wake of mounting economic restrictions.

Earlier in March 2019, the Maduro regime launched Patria, a state-owned cryptocurrency remittance service. As reported by Bitcoinist, the government also imposed a 15 percent fee on all Bitcoin and cryptocurrency remittance payments on the platform.

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