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Venezuela will regulate bitcoin mining

According to local sources, the Venezuelan government is expected to launch an online registry for Bitcoin miners by December 22nd. All Bitcoin miners in the country will have to register. The registry is the first step in the development of a comprehensive legal framework to tax and regulate cryptocurrency extraction in the country.

Proponents of the ruling argue that it will protect minors from cryptocurrency in the country. Angel Salazar, a member of an advisory committee that helps the Venezuelan government put in place regulations on cryptocurrency, says:

"Miners work in difficult conditions and formalize the structure by this register. "

At a recent press conference, the new Superintendent of Venezuelan Cryptocurrency, Carlos Vargas, said the government was creating the registry to identify and Closer Look at Mining Bitcoin,

"We want to know who they are, we want to know where they are, we want to know what equipment they are using."

mining Crypto currencies

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More recently, during a raid in Lara on December 9, the police confiscated 21

The minor was charged with computer crime, fraudulent exchange, financing of terrorism, damage to the national electricity system and money laundering.