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 | $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.
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 | $0.002/kWh |
| Renewable | 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
← Back to Crypto Map