Venezuela's national Assembly is reportedly considering a draft bill that would amend the Law on Financial Transactions Tax for the introduction of measures for the taxation of financial transactions in foreign currency and cryptocurrency. Currently, the financial transactions tax is levied at a rate of 2% on specified transactions by designated "special taxpayers", i.e., large taxpayers, as well as entities related to special taxpayers and those acting on behalf of special taxpayers. The proposed measures would introduce a financial transactions tax liability at an initial rate of 2.5% on payment transactions by all individuals, legal entities, and unincorporated ventures where...