🔌Venezuela's Ministry of Electric Power is pulling the plug on crypto mining farms, aiming to regulate energy use and ensure a stable power supply. This move comes after a crackdown where 2,000 mining devices were seized in an anti-corruption effort.

💡Officials argue these measures are crucial for stabilizing the national power supply, which has been inconsistent for the past decade. Other countries like China and Kazakhstan have also enforced strict regulations or bans due to crypto mining's heavy electricity demands.

🚫This isn't Venezuela's first rodeo with crypto mining. In 2023, the country's energy supplier shut down crypto mining facilities nationwide as part of corruption investigations.

👀What's your take on this? Is it a necessary move to ensure stable power supply or another blow to the crypto industry? Sound off in the comments! #DeFi #Web3 #Technology