The Venezuelan government reiterates the nationwide ban on crypto mining to address the energy crisis.
ChainCatcher news, according to a report by Bitcoin.com, the Venezuelan government has reiterated the nationwide ban on cryptocurrency mining in order to address the current energy crisis.
The country's national power system peak demand has reached 15,579 megawatts, hitting a nine-year high, with officials attributing this surge to ongoing heatwaves and national economic growth. The statement emphasized that “digital mining is absolutely prohibited nationwide,” and violators will face legal sanctions. Authorities have established a monitoring plan to enforce this ban.
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