Venezuelan authorities allowed citizens to pay taxes with cryptocurrency

The Bolivarian Council of Mayors of Venezuela has officially allowed the citizens of the country to pay tax duties in El Petro. Vice President Delsey Rodriguez stressed that the agreement will facilitate payments for 305 municipalities. “This is a simplification of procedures that makes the administrative activities of the state in the service of people, including economic sectors that stimulate economic activity in the production and commercial spheres, more efficient,” she said.

We add that the head of Venezuela Nicolas Maduro said that he would continue to monitor the accession of municipalities to this agreement, which, he hopes, will benefit all localities and will contribute to the development and generation of additional income from citizens and legal entities.

We will remind, earlier the authorities announced the start of the program for issuing loans to agricultural enterprises of the country in the national digital currency El Petro.