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Venezuelan Government Signs Agreement to Establish Guidelines for Granting Licenses to Crypto Miners The National Superintendency of Crypto Assets (Sunacrip) and the National Electricity Corporation of Venezuela (Corpoelec) signed an agreement to establish guidelines to “improve the development” of bitcoin and other crypto mining activities across the country. Venezuelan Government Bodies Are Expected to Set Guidelines for Granting Crypto Mining Licenses According to the government’s announcement on Dec. 9, the Framework Agreement for Inter-institutional Cooperation will define which electric fees will be required for crypto miners to pay to pursue their activities. But the agreement is not limited to putting a fixed rate for mining activities, as both the Ministry of Electric Energy and Sunacrip, whose deal was signed in Caracas by Minister Néstor Reverol Torres and Superintendent Joselit Ramírez, expect to evaluate the feasibility of the crypto mining

Distrito federalReverol torresJoselit ramMinistry of electric energyElectricity supply service provided to crypto minersNational superintendency of crypto assets sunacripNational electricity corporation of venezuela corpoelecVenezuelan armyVenezuelan government signs agreementEstablish guidelinesGranting licensesCrypto minersNational superintendencyCrypto assetsNational electricity corporationGovernment bodies are expected