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Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents – Mining Bitcoin News

Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents – Mining Bitcoin News

Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents – Mining Bitcoin News

The Bolivarian National Guard of Venezuela (BNG) is known for taking a strong stance against crypto-currency counterfeiting, with several operations carried out in recent months to combat the problem. This time Venezuelan authorities seized 76 platforms after discovering discrepancies in shipping documents.

Miner, probably ASIC Miner

According to an INS press release, the procedure took place at a checkpoint on Bolivian territory, namely Puente Angostura.

The man was transporting bitcoin (BTC) mining equipment in a Ford Triton and was arrested by military units during a routine check, authorities said.

However, the Bolivarian National Guard has identified some inconsistencies in the documentation required to legally transport cryptocurrency mining platforms.

Police then seized 76 pieces of bitumen extraction equipment because they suspected that the documents did not comply with the requirements for handling, possession and use of bitumen extraction equipment.

GNB did not specify which models of mining equipment were seized, but based on the photo in the press release, it is believed to be ASIC miners in racks.

In addition, the image appears to show a larger plant than indicated in the GNB announcement, as each counted rack can accommodate up to six miners.

Mining of crypto currency is legal in Venezuela

Last year, Venezuela legalized bitcoin mining through a decree issued by the National Office of Cryptographic Assets and Related Activities (Sunacrip).

Under the new regulations, all companies and individuals who want to legally mine bitcoin and other cryptocurrencies will now have to apply for a license from the agency.

This decree led to the creation of the National Digital Mining Basin (NDMB), an organization that aims to bring together all miners working in the territory of Venezuela.

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However, some cryptocurrency mining activities are still subject to restrictions. The Venezuelan government has banned mining in all low-income and subsidized housing areas.

What do you think of Venezuela’s action against the shipping of the miners? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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