Recently the Bolivar National Armed Forces (FANB) of Venezuela seized 315 bitcoin mining machines.
On twitter, commander Adolfo Rodríguez Cepeda claimed to have seized a large number of bitcoin miners, all of which failed to produce a license from the Sunacrip cryptocurrency management agency.
Sunacrip is the highest authority on cryptocurrencies in Venezuela.
In Venezuela cryptocurrency mining operations must be licensed, as well as miners must show clear documentation.
The confiscated excavators are from the Antminer S9 series and it is unclear who shipped or owned them, according to a source from CriptoNoticias.
Antminer S9 is a popular mining machine manufactured by Bitmain, previously used by many mining facilities.
Now, the Antminer S9 generation is no longer suitable to exploit due to poor performance, the power is far behind current lines.
However, in some places it is still being reused, according to statistics in May, the Antminer S9 series contributed about 23% of the hash rate of bitcoin.
The Venezuela government does not prohibit cryptocurrency mining, but must absolutely register with the regulator or face severe sanctions.
According to Cointelegraph
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