Venezuela wants to develop a registry of users who have Bitcoin miners in the country and wants to charge them taxes for carrying out this practice, although no specific details have been given.

The situation in Venezuela is really bad, due to the enormous inflation in the country, which has caused its currency, the bolivar, to have a dollar value of less than 1 satoshi of Bitcoin. Venezuelans in this situation are looking for solutions and many in their businesses only admit this cryptocurrency and there are many who get medicines or simply subsist, thanks to BTC. On the other hand, this has caused the government to see this cryptocurrency as a problem, because it is impossible to control this cryptocurrency and it cannot be taxed either, that is why it is a threat.

This situation has several fronts. The first starts with the purchase in foreign stores, whether they are different materials or products that do not exist in the country's stores, therefore, payments with Bitcoin directly affect the country's economy and commerce. In addition to this there is the energy consumption of the systems for mining Bitcoin, which are very high and can cause problems in supplies. Mining BTC in Venezuela can be very profitable, since electricity is subsidized by the state by approximately 20%, so the costs are infinitely low.

Maduro and his government intend to stop and solve this problem and for this they have developed the Blockchain Observatory, a branch of the government that will have the mission of 'strengthening, evaluating and monitoring everything that is the use of cryptocurrency technology in Venezuela '. They have started by developing a registry of miners in the country, which will begin on December 22nd and which will collect user data, such as name, physical address and equipment used for mining.

We must emphasize that there have already been several seized miners and users who carry out this practice who have been detained by the government. The measures they will take are unknown, although they have highlighted that they will have to pay the corresponding taxes for the generation of cryptocurrencies. Another potential objective would be the empowerment of 'El Petro', the cryptocurrency announced by Maduro a few weeks ago and of which we continue without the slightest data, for now.