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Bitcoin miner in Venezuela arrested for alleged smuggling

The Bolivarian National Police (PNB) seized 17 equipment to mine bitcoin this Friday, August 20, in a procedure that took place in the La Pastora parish, west of the city of Caracas, capital of Venezuela.

A person identified as 39-year-old Hung Elizabeth was arrested for alleged smuggling, which is why she was investigated, according to the police agency on her Instagram account.

The report adds that investigations will continue “to determine possible links with structured organized crime groups dedicated to these criminal practices.” However, it is not detailed where the contraband came from or if the mining equipment was the smuggled merchandise. The evidence and the detainee were left to the order of the Public Ministry.

The seizure of digital mining equipment is increasingly common in Venezuela. Only This week 45 mining equipment was seized, since last August 18 28 other teams were detained for the extraction of bitcoin in the state of Lara, in the west of the country, as reported by CriptoNoticias.

The incident occurred when a group of state police officers raided a shed that apparently processed toxic material illegally. So, what had started as an operation for environmental crimes, ended with the seizure of a good number of Bitmain brand bitcoin miners.

The National Police published an image of the 17 miners held. Source: Instagram/@dipcpnb.oficial.

Authorities persist with seizure of bitcoin mining equipment

In July, more than 500 specialized equipment for the extraction of bitcoin and so far this year the figure would be exceeding 1,200 units.

Application Specific Integrated Circuits, or ASICs, are very popular in Venezuela, where cryptocurrency is widely accepted, as it ranks among the seven countries with the highest adoption.

On the other hand, the mining of bitcoin and other cryptocurrencies was decreed as an activity of economic benefit for the country. Therefore, the National Superintendence of Criptoactivos (Sunacrip) and the National Electric Corporation of Venezuela (Corpoelec) signed an agreement in December of last year to establish the parameters to be followed for the development of Bitcoin mining in the country.

In any case, until now there is an apparent lack of coordination between the body that governs activities related to mining and other public institutions such as Corpoelec.

As this information portal has reported on other occasions, mining farms that have been permitted have been disconnected. The seizures of mining equipment also persist for not complying with the corresponding regulations, as well as the arrests of people dedicated to the activity.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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