Yes, Bitcoin mining was banned in Venezuela using "Electrical system abuse"(since it is subsidized to be so cheap) and "Financing terrorism" as the charges to put people involved in minning in jail.
However, today they encourage investors to create mining farms and mine as long as everything is transparent, without stealing power etc. They even created a register for minners(in wich a lot of minners dont trust since they believe that if they register they will be robbed or kidnapped).
You can read about it here.
Yes, Bitcoin mining was banned in Venezuela using "Electrical system abuse"(since it is subsidized to be so cheap) and "Financing terrorism" as the charges to put people involved in minning in jail.
However, today they encourage investors to create mining farms and mine as long as everything is transparent, without stealing power etc. They even created a register for minners(in wich a lot of minners dont trust since they believe that if they register they will be robbed or kidnapped).
You can read about it here.