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Venezuela Upholds Crypto Mining Ban as Power Demand Hits 9-Year Peak

Venezuela Upholds Crypto Mining Ban as Power Demand Hits 9-Year Peak

BearishBitcoin

The Venezuelan government reiterated a nationwide ban on cryptocurrency mining as the country faces an energy crisis, with demand rising to record levels. Authorities attributed this peak in consumption to the economic growth and an ongoing heat wave.

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The original article is written in English.