Venezuela has a complex crypto landscape. The government launched the Petro (PTR) national cryptocurrency and created SUNACRIP to regulate crypto. Despite regulation, the environment is restrictive with licensing requirements and capital controls.
| Status | Restricted |
| Risk Score | 80/100 (Very High Risk) |
| Region | south america |
| Currency | VES |
| Adoption Rank | #10 |
| Capital Gains (Personal) | Varies; SUNACRIP imposes fees on crypto transactions |
| Capital Gains (Corporate) | 34% ISLR corporate tax |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
SUNACRIP regulates crypto taxation and fees. Crypto mining requires licensing. The government has imposed transaction fees on crypto exchanges.
| Required | Yes |
| Regulator | SUNACRIP / BCV |
| Framework | Decree on Crypto Assets (2018); SUNACRIP regulations |
| Ease | hard |
| Cost (USD) | $5,000 - $50,000 |
SUNACRIP was created to oversee crypto activities. The Petro was the world's first state-issued cryptocurrency (now largely defunct). Mining requires SUNACRIP registration. The environment is complicated by sanctions and capital controls.
SUNACRIP has imposed mining licensing and fees. Government has cracked down on unlicensed mining operations.
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |
| FATF Body | CFATF |
| Suspicious-Activity Reporting | Yes |
Status: Unclear
No specific DeFi regulation. DeFi is used to circumvent capital controls.
Status: Restricted
Government promoted the Petro. Dollar-pegged stablecoins are widely used informally.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.002/kWh |
| Renewable Energy | 68% |
| Infrastructure | poor |
Mining is legal but heavily restricted and controlled by government entities. Electricity is extremely cheap due to subsidies, but infrastructure is poor and unreliable.
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 14/100 |
| Banking Access | very_restricted |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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