News Explorer — Exchanges and Mining Farms Shut Down in Venezuela

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Mar 24, 8:15 pm

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Exchanges and Mining Farms Shut Down in Venezuela

The situation for cryptocurrency enthusiasts in Venezuela has been difficult in recent days, with the arrest of Joselit Ramirez and President Nicolas Maduro's order to restructure the country’s crypto regulatory agency. Sunacrip, the country’s crypto regulator, has ordered the closure of all cryptocurrency exchanges registered in Venezuela, and the closure of large cryptocurrency mining farms operating in several states.

The situation for cryptocurrency enthusiasts in Venezuela has been difficult in recent days, with the arrest of Joselit Ramirez and President Nicolas Maduro's order to restructure the country’s crypto regulatory agency. Sunacrip, the country’s crypto regulator, has ordered the closure of all cryptocurrency exchanges registered in Venezuela, and the closure of large cryptocurrency mining farms operating in several states.

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