XPost: soc.culture.usa, talk.politics.misc

When you run a business by your own you might lose it by default

All they have to do is _pay the fine and get the permits_
This kind of business means a lot of money
/According to the Venezuelan Law/ *Got it?*

/jat
Knowledge will set you free
El conocimiento te hará libre

On 7/8/2020 6:12 PM, Poprocks wrote:

On 2020-07-08, JAT wrote:

Venezuelan Authorities Seize Over 300 Bitcoin Mining Machines

Venezuelan authorities confiscated 315 Bitcoin mining systems.

The Bolivarian National Guard of Puerto Ordaz, Venezuela, seized 315
Bitcoin (BTC) mining machines manufactured by Bitmain. The owners of the
mining rigs were told that they did not possess the necessary permits to
own and operate the machines. They also were not authorized to be
transporting the machines during the COVID-19 quarantine.

According to current legislation, Venezuelan citizens who are interested
in conducting crypto-related mining activities must obtain the
appropriate permits from a government office called the National
Superintendence of Cryptoactives. Owners who fail to obtain these
permits risk being fined, and having their equipment confiscated.

https://cointelegraph.com/news/venezuelan-authorities-seize-over-300-bitcoin-mining-machines

This is absurd. What are the supposed policy reasons behind this law?

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