Crypto mining activities are now regulated by the Venezuelan gov
Cointelegraph
Published Sep 23, 2020 04:15PM ET
Updated Sep 23, 2020 06:00PM ET
Venezuela's National Superintendency of Crypto Assets and Related Activities, or SUNACRIP, has issued the first decree to officially regulate all crypto mining activities. In order to qualify, miners will need to meet specific requirements.
An official announcement was first published in the Gaceta Oficial and signed by the head of the SUNACRIP, Joselit Ramirez. It stated that residents in Venezuela who are interested in mining Bitcoin (BTC) and other cryptocurrencies must request a license and join the so-called "national pool.”
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Written By: Cointelegraph
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