TechFlow news, December 4 — According to CriptoNoticias, Venezuela's real estate market is accelerating the adoption of BTC and the stablecoin USDT for property transactions. Fernando Di Jerónimo, president of the Metropolitan Chamber of Real Estate in Caracas, confirmed that real estate transactions using cryptocurrencies have become frequent in the country, primarily concentrated in high-end areas of the capital such as Chacao, Baruta, El Hatillo, and the Las Mercedes business district.
These transactions are settled instantly via cryptocurrency exchanges, covering various types of properties from residential apartments to office buildings, with many deals completed through installment payments by overseas buyers. Di Jerónimo noted that although Venezuela enacted the "Cryptographic Assets Law" in 2020, supporting regulations remain incomplete, lacking a comprehensive legal framework. He also warned that the absence of regulation could lead to tax evasion in some transactions.
