Venezuela May Soon Be Collecting Taxes in Crypto

Cointelegraph

Published Aug 12, 2020 01:10AM ET

Updated Aug 12, 2020 02:40AM ET

The Bolivarian Council of Mayors in Venezuela signed the so-called "National Tax Harmonization Agreement" for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions.

The cryptocurrency is becoming increasingly widely used as the result of a new campaign.

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