There are companies in Venezuela that are paying in crypto-assets.

Francisco Camero, founding partner in Criptocontador and public accountant, expressed that Venezuela has been a pioneer in terms of the legal part and what has been the regulation for crypto-financial operations.

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In this regard, he pointed out that Bulletin Number 12 of the Venezuelan Association of Accountants explains the criteria for the valuation of cryptoassets, using the acquisition value and the fair value or also called market value.

He highlighted that companies use cryptoassets as an exchange mechanism, especially in contexts where access to traditional currencies is limited.