Venezuela’s Socialist Establishment Bares its Ugly Fangs with Parasitic Crypto Tax

Venezuela’s Socialist Establishment Bares its Ugly Fangs with Parasitic Crypto Tax

11/02/2019 Off By currncy

After years of hiding behind the fig leaf of socialism and revolutionary anti-imperialist rhetoric, the embattled Venezuelan government of Nicolas Maduro has shown its true colours with a new 15 percent tax on cryptocurrency transactions that may be best described as opportunistic, if not an act of outright tyranny. Venezuela’s New Cryptocurrency Tax At a time when Hugo Chavez’ successor is facing an unprecedented challenge to his legitimacy, with U.S-backed opposition leader Juan Guaidó gaining more international recognition, the move underlines his government’s culture of economic vandalism that has turned South America’s largest oil producer into a basket case with

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