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Venezuela Banned Crypto Mining From State-Owned Housing

Venezuela banned all crypto mining from public housing or any other state-owned housing and neighborhoods that are a part of the “Gran Mision Vivienda” project, as we are reading more in the following crypto news today. According to the government, crypto mining can harm the electricity distribution of the country which is why Venezuela banned all crypto mining from the country. During the official speech on July 15th, Villaroel stated that any kind of mining equipment related to the crypto mining is banned in public housing because of “high power consumption” and for widely “violating” the electrical supply policy. The…

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