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Venezuelan government officials inspecting a cryptocurrency mining farm, with confiscated mining rigs in the background and a focus on the strain on the national power grid.

Venezuela Bans Crypto Mining

By Olivier Acuña | TH3FUS3 Chief Editor

The Venezuelan government has prohibited cryptocurrency mining, citing its high electricity demands. This decision follows a series of blackouts and corruption investigations, aiming to stabilize the national power grid.

May 19, 2024 01:12 PM

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