Earlier this week, the Venezuelan government issued a decree which requires payment of taxes in cryptocurrency by cryptocurrency businesses and companies that operate in foreign currency. Decree No. 3719 was published.
From this week onwards, well known fast food chain Kentucky Fried Chicken (KFC) will start to accept Dash cryptocurrency as a means of payment at its stores in Venezuela. According.
In what has become a first for cryptocurrency, the State of Venezuela announced late last week that the state-backed Petro token is now an official unit of account.
Venezuela’s oil-based economy is floundering amid political turmoil, and as the local currency (the Bolivar) struggles a new national cryptocurrency looms into view.
