Government regulation in Venezuela is affecting not only Bitcoin mining, but also related companies in this industry. The closure of several companies that provided digital mining services shows the difficult situation they face in the country.
Grupo Tools Caracas C.A's announcement about the temporary cessation of its operations through Instagram is just one example of the difficulties that companies face amid uncertainty. Other companies have also chosen to close their services due to intense regulatory measures, reflecting the instability of the sector in Venezuela.
