By Maya Lester KC & Michael O’Kane

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 …

VenezuelaVenezuela United StatesUnited States

About Maya Lester KC

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

See profile for Maya Lester KC >

Share this page on: