Venezuela Power Plants Despite Legalization Cryptocurrency Bitcoin Mining (90% RECENT)

Venezuela's relationship with cryptocurrency has shifted from state-sponsored legalization to a full-scale crackdown aimed at protecting its fragile national power grid. As of early 2026, the country has largely that relies on the National Electricity System (SEN). This reversal follows a history of systemic blackouts and a major corruption scandal that reshaped the nation's energy and crypto policies. The 2024 Nationwide Mining Ban

In May 2024, the Ministry of Electric Power announced a plan to disconnect all crypto mining farms from the national grid.