The FANB seized 35 cryptocurrency mining equipment
The Bolivarian National Armed Forces (FANB) of Venezuela retained 35 “cryptocurrency mining machines» during a raid in the state of Guáricoreported this Saturday the operational strategic commander of the FANB, Domingo Hernández Lárez.
Through X, he also detailed that the FANB seized 30 extractors, three electric fans, as well as two vehicles that did not have “permits and licenses for their operation.”
Hernández Lárez indicated that the raid was carried out together with officials of the Public Ministry, while reporting that The “procedure” was left to the discretion of this institution.
He stressed that in Venezuela “there is a legal framework that regulates virtual mining activities and the miner registration system (…), virtual exchange houses and other entities dedicated to savings and the intermediation of crypto assets.”
Members of the #FANB Together with officials from the Public Ministry, they carried out a search warrant at a home located on San José Street, El Mirador sector, Juan Germán Roscio Nieves municipality, Guárico state, according to document No. 9562024, dated 06SEP24, issued by the… pic.twitter.com/ifKFTZKmaa
— GJ. Domingo Hernandez Larez (@dhernandezlarez) September 7, 2024
Cryptocurrencies in Venezuela
In July, economists told Efe that in Venezuela the cryptocurrency sector faces a series of weaknesses related to services, legislation and education, which plays against its development.
These virtual currenciesthe specialists assured, are basically used in the country as a reserve of value, while their weight in commercial transactions remains reduced and without growth.
In 2023, Venezuela ranked 40th out of 155 countries in Chainalysis’ Global Cryptocurrency Adoption Indexbehind other Latin American countries such as Colombia (32), Mexico (16), Argentina (15) and Brazil (9), when in 2021 it was ranked seventh on the world list. In 2022 it did not appear in the ranking.
Independent journalism needs the support of its readers to continue and ensure that uncomfortable news that they don’t want you to read remains within your reach. Today, with your support, we will continue working hard for censorship-free journalism!