Venezuela Crypto Mining Requirements: Licensing, Taxes & Compliance Guide (2025)

Venezuela state‑licensed crypto mining is a government‑controlled framework that obliges every mining operation to obtain a license, register with official bodies, and connect to a centralized pool. If you’re thinking about setting up a rig in Caracas or partnering with a local firm, you need to navigate a maze of permits, tax codes, and reporting duties. The rules have shifted multiple times since 2020, and missing a single step can trigger equipment seizure or hefty fines. Below is a practical roadmap that covers everything you’ll need to stay legal in 2025.

Quick Takeaways

• All miners must join the National Digital Mining Pool and be listed in the Integral Miners Registry (RIM).
• Licensing is handled by SUNACRIP and can take 3‑6 months.
• Record‑keeping is mandatory for 10years; use a dedicated accounting system.
• Taxes include IGTF (up to 20%), ISLR on profits, and possible 16% VAT on exchange fees.
• Non‑compliance can lead to equipment confiscation, payment freezes, and criminal charges.

Regulatory Landscape & Key Players

The backbone of the system is the National Superintendency of Crypto Assets and Related Activities (SUNACRIP), created in 2018 to replace the older SUPCACVEN agency. SUNACRIP issues the mining license, maintains the official register, and oversees the National Digital Mining Pool. After a corruption probe that halted its operations in March2023, SUNACRIP was reorganized in March2024 and now works alongside a private‑sector body, CAVEMCRIP, which provides technical guidance and helps process equipment import requests.

The Central Bank of Venezuela (BCV) occasionally steps in on monetary policy, while the tax authority SENIAT enforces income‑tax and transaction‑tax rules. All of these entities interact through the National Digital Mining Pool, a government‑run platform that aggregates hash power, distributes rewards, and collects taxes in real time.

Step‑by‑Step Licensing Process

1. Form a legal entity. Register a corporation or LLC with the Venezuelan Mercantile Registry. The entity must have a Venezuelan tax ID (RIF).
2. Prepare the documentation. SUNACRIP requires:
   • Business plan outlining expected hash rate, power consumption, and revenue projections.
   • Technical specifications of each mining device (model, hash‑per‑second, power draw).
   • Proof of electricity supply contracts (usually from state utility CANTV).
   • Anti‑money‑laundering (AML) and Know‑Your‑Customer (KYC) procedures for any end‑users.
3. Submit the application. Use SUNACRIP’s online portal (available in Spanish). Fees range from 0.5% of projected monthly revenue to a flat US$5,000 processing charge.
4. Await approval. Processing takes 3‑6months. SUNACRIP may request additional clarifications or site inspections.
5. Enroll in the National Digital Mining Pool. Once approved, integrate your mining software with the pool’s API. The pool assigns a miner ID that must appear on every block submission.
6. Register with the Integral Miners Registry (RIM). This is a separate database that tracks all licensed miners for tax and audit purposes.

Mandatory National Digital Mining Pool Integration

The pool is not optional. All hash power must be submitted through the pool’s software, which logs every share, calculates payouts, and withholds taxes automatically. Failure to route through the pool is considered illegal mining and can result in immediate equipment seizure.

Technical integration steps:

• Download the pool client from SUNACRIP’s portal.
• Configure your miner’s URL, miner ID, and worker name as provided.
• Set up automated reporting to send daily hash‑rate and power‑usage logs to SUNACRIP’s compliance server.

Payments are made in either bolívares or the state‑issued Petro token, depending on the miner’s tax election. The pool can freeze payouts without notice if a compliance issue is flagged.

Taxation & Financial Obligations

Key Crypto‑Mining Taxes in Venezuela (2025)

Tax	Base	Rate	Notes
Large Financial Transactions Tax (IGTF)	Crypto transactions not in bolívares or Petro	Up to 20%	Applies to swaps, withdrawals, and cross‑border transfers.
Income Tax (ISLR)	Net profit from mining rewards and sales	15‑30% (progressive)	Calculated using Venezuela’s Income Tax Law; crypto treated as an asset.
VAT	Exchange service fees	16%	Not levied on the trade itself, only on platform fees.

SENIAT cross‑checks pool‑generated payout reports with declared income. In 2025, the agency has begun using blockchain‑analytics tools to match wallet addresses with RIM records, so under‑reporting is increasingly risky.

Record‑Keeping, Audits & Ongoing Compliance

Every licensed miner must keep a complete ledger of:

• Hardware inventory (serial numbers, purchase invoices).
• Daily hash‑rate, power consumption, and uptime metrics.
• All inbound and outbound crypto transactions, including wallet addresses.
• Tax filings and payment receipts.

The ledger must be stored in a secure, tamper‑proof system (e.g., an encrypted cloud service) and be accessible for at least ten years. SUNACRIP reserves the right to audit any miner, and audits can be triggered randomly or after a payment freeze.

Risks, Penalties & Practical Tips

Operating under the state‑licensed regime carries unique hazards:

• Payment freezes. The pool can halt payouts for weeks while investigating alleged irregularities.
• Equipment confiscation. Unregistered hardware or imports without SUNACRIP clearance are seized without compensation.
• Political volatility. Changes in government policy (e.g., a renewed ban) can render a license void overnight.

To mitigate these risks, consider the following best practices:

1. Maintain a dedicated compliance officer who monitors SUNACRIP announcements and updates the RIM record promptly.
2. Use a reputable local legal counsel experienced with crypto‑asset law.
3. Invest in backup power solutions to offset frequent electricity outages that can trigger false compliance alerts.
4. Document every import transaction and retain customs clearance paperwork for the full ten‑year period.
5. Regularly reconcile pool‑generated payout reports with your internal accounting to spot discrepancies early.

Frequently Asked Questions

By following this guide, you’ll have a clear picture of what it takes to mine legally in Venezuela in 2025. Stay on top of regulatory updates, keep meticulous records, and work with trusted local partners to avoid the pitfalls that have tripped up many newcomers.