---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "south_america", "cfatf", "restricted"]
aliases: ["VE", "VEN"]
created: 2026-04-13
updated: 2025-06-01
compile_into: ["[[country--venezuela]]"]
sources:
  - name: "Banco Central de Venezuela"
    url: "https://www.bcv.org.ve"
    type: "official"
---

# 🇻🇪 [[country--venezuela|Venezuela]] (VE) — Crypto Regulation

> 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.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 80/100 (Very High Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--south-america|south america]] |
| Currency | [[entity--ves|VES]] |
| Adoption Rank | #10 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | Varies; SUNACRIP imposes fees on crypto transactions |
| Capital Gains (Corporate) | 34% ISLR corporate tax |
| VAT on Crypto | No |
| Mining Tax | Mining is regulated by SUNACRIP; licensing and fees apply |
| 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.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--sunacrip|SUNACRIP]] / BCV |
| Framework | Decree on Crypto Assets (2018); SUNACRIP regulations |
| Ease | hard |
| Cost | $5,000 - $50,000 |
| Timeline | 3-12 months |

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

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |

## DeFi

**Status:** Unclear

No specific DeFi regulation. DeFi is used to circumvent capital controls.

## Stablecoins

**Status:** Restricted

Government promoted the Petro. Dollar-pegged stablecoins are widely used informally.

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.002/kWh |
| Renewable Energy | 68% |
| Climate | tropical |
| 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.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | very_unstable |
| Sanctions | Yes |
| Corruption Index | 14/100 |
| Ease of Business | very_difficult |
| Internet Freedom | not_free |
| Banking Access | very_restricted |

## Enforcement

SUNACRIP has imposed mining licensing and fees. Government has cracked down on unlicensed mining operations.

## CBDC Status: launched

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Banco Central de Venezuela](https://www.bcv.org.ve)