Venezuela converts airport taxes into Bitcoin to evade US sanctions

A report by Spanish newspaper ABC has suggested that the Venezuelan administration has created a scheme to turn tax revenue generated from Maiguetia International Airport, Caracas into Bitcoin through a digital wallet app in efforts to circumvent US sanctions. The app, Jetman Pay, which is registered in Florida under the name BCDA Aeronautical Solutions LLC, diverted the Bitcoin to international …

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About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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