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Market Cap:
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Cryptocurrencies: 6897
Bitcoin Bitcoin Share: 49.84%
Markets: 68427
CoinGape
2024-05-19 01:00:01

Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze

Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze

Venezuela’s Ministry of Electric Power announced plans to disconnect cryptocurrency mining farms from the national grid to manage high energy demand and ensure reliable power supply to its citizens. The decision follows the recent seizure of 2,000 cryptocurrency mining machines as part of an anti-corruption drive. Venezuela Intensifies Crackdown on Illegal Crypto Mining In response The post Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze appeared first on CoinGape .

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