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Venezuela has officially joined several other nations in limiting cryptocurrency mining operations due to significant electricity consumption concerns. The
Venezuela has banned cryptocurrency mining activities amid a national energy crisis that is causing recurring blackouts. The Venezuelan Ministry for
Venezuela's Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid.
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Venezuelan prosecutors arrest ex-Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to steal money from oil sales.