Venezuela Imposes Limits on Crypto Remittance Payments, Residents Call It 'Absurd'

Venezuela’s government has reportedly started regulating remittance payments made using cryptocurrencies. Venezuela’s regulatory authorities have imposed a monthly limit on the amount of crypto remittances and will be charging up to 15% in commissions of the total transaction value. This, according to the South American country’s National Superintendency of Crypto Assets and Related Activities (Sunacrip), the primary regulatory body for digital assets in Venezuela. Read more

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