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The crackdown on Bitcoin mining in Venezuela seems to be ongoing, with the military seizing 35 rigs during a raid on a farm located in Guárico.
In spite of President Nicolás Maduro’s recent statements about “returning” the nation “to the crypto path,” law enforcement and military personnel are actively pursuing illegal cryptocurrency miners.
Bitcoin Mining Equipment Taken Offline
According to a tweet from the Strategic Command Operations of the Bolivarian National Armed Forces (CEOFANB), officials reported the confiscation of 35 “devices for mining digital assets.” Additionally, soldiers seized 30 “extractors” and several high-powered electric fans.
The operational strategic commander of the relevant military unit, Domingo Hernández Lárez, indicated that the miners “lacked permits or licenses” for conducting BTC mining “operations.”
RT || GJ. @dhernandezlarez: Efectivos de la #FANB junto a funcionarios del Ministro Público, cumplieron orden de allanamiento en una vivienda ubicada en la calle San José, sector el Mirador, municipio Juan Germán Roscio Nieves, estado Guárico según oficio Nro. 9562024, de… pic.twitter.com/zNd3UTwt9A
— CEOFANB (@CEOFANBVE) September 8, 2024
The Venezuelan military has been tasked with “disconnecting” Bitcoin mining operations. The government asserts that numerous miners utilize illegal connections to the National Electric System (SEN).
The Maduro administration has attributed “recurring power outages” over recent years to illegal Bitcoin and altcoin miners.
The CEOFANBVE stated that its operation was carried out in collaboration with officials from the Public Ministry. It noted that the miners had established their operations in a private residence in the El Mirador District of the Juan Germán Roscio Nieves municipality.
Authorities also reported the seizure of a Chevrolet and a Jeep, sharing images of armed soldiers alongside the confiscated equipment.
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“Venezuela is a democratic state [with] a legal framework that regulates [crypto] mining activities. It has a registration system for [crypto] miners, crypto exchanges, and crypto-related services.”
Strategic Command Operations of the Bolivarian National Armed Forces
Government’s Stance on Power Grid Threats
The Ministry of Electrical Energy has asserted that disconnecting illegal miners from the grid will alleviate pressure on the networks.
The ministry stated that this crackdown would enable it to “continue providing efficient and reliable service to all Venezuelan citizens.”
Maduro recently remarked that a group of “bandits and thieves” had obstructed prior efforts for crypto adoption in the nation.
Venezuelan opposition presidential candidate Edmundo Gonzalez fled to Spain as he seeks asylum from Nicolas Maduro’s government during a crisis over July’s disputed election https://t.co/wc7Sq7M6WA pic.twitter.com/hbyE9Rg0aC
— Reuters (@Reuters) September 8, 2024
He conveyed to a gathering of Venezuelan business leaders that the country needed to “get back down” the crypto path.
During the peak of Venezuela’s crypto initiative, the government directed the army’s engineering corps to mine BTC.
However, it appears that soldiers have since been reassigned to combat illegal BTC miners, initiating raids across the country last year.
The post Venezuelan Army Seizes 35 Bitcoin Mining Rigs in ‘Illegal Farm’ Raid appeared first on Cryptonews.
