The Venezuelan government reiterates the nationwide ban on cryptocurrency mining to address the energy crisis

According to Bitcoin.com, the Venezuelan government has reiterated a nationwide ban on cryptocurrency mining to address the current energy crisis.

The country's national power system peak demand reached 15,579 megawatts, a new high in nine years, with officials attributing this electricity peak to a persistent heatwave and national economic growth. The statement emphasized that "digital mining is absolutely prohibited nationwide," and violators will face legal sanctions. Authorities have developed a supervision plan to enforce this ban.