AS REGARDS MINING OF PETRO

Although it will be a pre-emptive cryptoactive, the national government is advancing a long-range mining plan to be developed throughout the national territory, which aims to become a source of employment for the participants of the Chamba Juvenil work plan, posing as a possible solution to the economic crisis that the country is going through.

Thus, companies such as Corpivensa, VIT, among others, advance the creation of

mining hardware for the cryptoactive; while the ministries of Youth and Higher Education develop training and training plans in areas such as trading, handling of mining devices and other technical aspects such as the programming of mining algorithms.

However, the issue of electricity service remains a mystery, since launching a wide-ranging cryptocurrency mining plan would mean a considerable increase in the country's electricity demand, one of the most sensitive issues in Venezuela. Different regions of the country suffer from constant failures in the service, which could be aggravated with the start-up of large mining farms sponsored by the national government.

The Venezuelan government has also begun issuing digital mining certificates as a preliminary step to obtaining a "license" to develop this type of activity. This intends to establish an official registry of the miners active in the country, although it is not clear in what way it will help the sector that has been hit hard by extortion. Recall that as of December 22, a Unique Mining Registry was opened so that the cryptocurrency miners of the country can obtain the aforementioned license to develop said activity