The Venezuelan government reiterated its nationwide ban on cryptocurrency mining in response to the energy crisis.

CoinFeed reported on May 9th that, according to Bitcoin.com, the Venezuelan government reiterated its nationwide ban on cryptocurrency mining in response to the current energy crisis. On May 7th, the country's national power system peaked at 15,579 megawatts, a nine-year high, which officials attributed to a persistent heat wave and national economic growth. The statement emphasized an "absolute ban on digital mining nationwide," with violators facing legal consequences. Authorities have developed a monitoring plan to enforce the ban.