[2017-01-28] Venezuelan Authorities are ‘Weakening’ Bitcoin Mining Operations

[TwoTimes]

Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on “weakening” these mining operations within the region. According to reports on January 27, the Organized Crime Bureau of the Bolivarian National Police (BNP) shut down an 11,000 unit Bitcoin mining undertaking.

The current socialist regime of Venezuela has recently been shutting down cryptocurrency mining operations in the country. The latest “camouflaged facility” was located in the city of Valencia, Carabobo state and held roughly eleven thousand mining rigs. The BNP authorities say the takedown was part of an “arduous investigation” working with local law enforcement.

Read More Here: https://news.bitcoin.com/venezuelan-authorities-weakening-bitcoin-mining-operations/