PANews
PANews|May 09, 2026 00:39
[Venezuelan Government Reaffirms Nationwide Ban on Crypto Mining to Address Energy Crisis] (According to Bitcoin.com) The Venezuelan government has reaffirmed a nationwide ban on cryptocurrency mining to address the current energy crisis. On May 7, the country's national power system reached a peak demand of 15,579 megawatts, marking the highest level in nine years. Officials attributed this surge in electricity usage to the ongoing heatwave and national economic growth. The statement emphasized the "absolute prohibition of digital mining nationwide," with violators subject to legal penalties. Authorities have established monitoring plans to enforce the ban.
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