Venezuela limits Mercadolibre sales

The government of Venezuela has introduced limits to the activities of Latin American e-commerce site Mercadolivre, reports Reuters. The country's government, which maintains a tough system of exchange and price controls, has decided to extend its regulation to Mercadolivre, so that the site does not market scarce goods among people at higher prices. The Venezuelan authorities ordered the portal to limit the sales of certain products in the country, Vice President Jorge Arreaza said in a statement. More…