Venezuela has reaffirmed its ban on cryptocurrency mining, citing an ongoing energy crisis. The country's power demand has reached a nine-year peak due to economic growth and a heat wave, making it difficult for the government to accommodate energy-intensive cryptocurrency mining activities. Authorities have warned that illicit mining will be sanctioned.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin