Officials say such measures will help stabilize the nation's energy supply, which has been unreliable for the past ten years.

This information was later confirmed by the National Cryptocurrency Association of Venezuela. According to the organization, mining of Bitcoin and other digital assets was banned throughout the country.

A media report said the mining ban in Venezuela is part of a major government campaign to combat corruption. As part of this initiative, approximately 2,000 mining devices were seized in the northern region of the country.

The source reports that Venezuela has been experiencing an energy crisis since 2009. In 2019, the situation worsened - some cities periodically remain without electricity for several days.

Note that this is not the first time that the country’s government has opposed cryptocurrency mining. In November 2021, law enforcement seized more than 100 pieces of mining equipment in Paolo Verde.

In March 2023, authorities stopped the activities of large Bitcoin miners in several regions of the country.