Greetings to all members who make life on this platform, this time I will share with you a topic related to cryptocurrencies and is that the Spanish Exchange BitBase will arrive this year to Venezuela and with the purpose of consolidating this cryptocurrency market especially the BitCoin (BTC) in the South American country which is going through a hard time in the economic area. The relevant aspect of this Exchange is that it will be offering the installation of cryptocurrency ATMs to the different companies and businesses that make life in Venezuela.
Unlike other Exchange, BitBase is the only one that will offer physical offices in the capital of Venezuela in order to be able to offer greater security and guarantees in its services. BitBase is a Spanish company of cryptocurrency stores and ATMs and has decided to enter the Latin American market, specifically in Venezuela. The arrival of this Exchange will not only benefit the Venezuelan business sector, it will also benefit many young people since BitBase is looking for valuable personnel to work with them, that is to say, the workforce of this company will be Venezuelan.
Source
According to its general manager Kike De Los Reyes, this same year they will start their operations in Venezuela, they are already in the process of the legal permit required to operate legally and provide a great service. The arrival of this Exchange will further strengthen the cryptocurrency market in the South American country and will create sources of employment that will undoubtedly contribute to Venezuela's economic growth. Kike de los Reyes also stated that they already have requests from several companies that want to install these cryptocurrency ATMs in their stores.
He also highlighted that the opening of BitBase in Venezuela would represent the first international cryptocurrency exchange with physical headquarters in the country. Currently this company has the largest number of cryptocurrency ATMs in Spain, according to data from CoinATMRadar. And this year they opened the first ones abroad, in Portugal and Paraguay, while they plan to continue expanding in Europe and Latin America.
hello @carlir,
it is interesting how some businesses in venezuela have all the support of the state while other similar businesses such as AIRTM are persecuted and blocked by the state, no doubt it will be interesting to see how it will work in the country, good article.
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Greetings @trabajosdelsiglo, this situation must be interests of government insiders, but let's hope this new modality can work.
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Hi @carlir In order to obtain taxes from these transactions, this year the Law on Large Financial Transactions appears, which regulates operations in foreign currency and
cryptocurrencies, with which the Venezuelan Government seeks to obtain taxes in hard currency and a way to maintain the exchange parity that It has been an achievement in the last 5 months.
In this way, the guest assured that such regulations have been a strategic decision for the Venezuelan State, achieving an escape valve before the economic regulations and sanctions imposed by the US Government.
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Hi @aplausos, although this tax hits the final consumer, it is the way the state is using to increase the use of the digital bolivar, but I think that strategy has been annulled.
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@tipu curate 3
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Upvoted 👌 (Mana: 0/5) Get profit votes with @tipU :)
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