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Crypto Regulation in Venezuela

Restricted

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.

Region: South AmericaCurrency: VESAdoption Rank: #10Risk Score: 70/100

Tax Information

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
Mining Tax
Mining is regulated by SUNACRIP; licensing and fees apply
Summary
SUNACRIP regulates crypto taxation and fees. Crypto mining requires licensing. The government has imposed transaction fees on crypto exchanges.

Licensing & Registration

License Required
Yes
Regulator
SUNACRIP / BCV (Superintendencia Nacional de Criptoactivos / Banco Central de Venezuela)
Framework
Decree on Crypto Assets (2018); SUNACRIP regulations
License Types
Crypto Exchange License, Crypto Mining License
Estimated Cost (USD)
$5,000 - $50,000
Timeline
3-12 months
Ease of Licensing
Hard
Notes
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.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Non Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Restricted
Electricity Cost ($/kWh)
$0.01
Renewable Energy
40%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
34% ISLR corporate tax
Notes
Very competitive electricity rates make this jurisdiction attractive for mining operations.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: restrictedNFTs: no_rulesCBDC: launched

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, Local ACH
Card Payments
Visa, Mastercard
Licensing Support
Available | $50,000 - $200,000

Sources

Banco Central de Venezuela
Reviewed: 2026-03-01likely

Frequently Asked Questions

Is crypto legal in Venezuela?
Cryptocurrency is currently classified as "Restricted" in Venezuela. 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.
What is the crypto tax rate in Venezuela?
In Venezuela, the personal capital gains tax on crypto is Varies; SUNACRIP imposes fees on crypto transactions, and the corporate tax rate is 34% ISLR corporate tax. SUNACRIP regulates crypto taxation and fees. Crypto mining requires licensing. The government has imposed transaction fees on crypto exchanges.
Do I need a crypto license in Venezuela?
Yes, a crypto license is required in Venezuela. The regulator is Superintendencia Nacional de Criptoactivos / Banco Central de Venezuela under Decree on Crypto Assets (2018); SUNACRIP regulations. Estimated licensing cost: $5,000 - $50,000.
Is crypto mining legal in Venezuela?
Yes, crypto mining is legal in Venezuela. Electricity costs approximately $0.01/kWh. Mining income is taxed at: 34% ISLR corporate tax. Very competitive electricity rates make this jurisdiction attractive for mining operations.
What are the AML/KYC requirements for crypto in Venezuela?
Yes, crypto businesses in Venezuela must comply with KYC (Know Your Customer) requirements. FATF compliance status: non_compliant.