The Angola government has recently banned cryptocurrency mining in the country, citing concerns over electricity consumption and the potential for money laundering. This decision comes as a blow to many individuals and businesses who have invested in cryptocurrency mining operations in Angola.

The government has stated that cryptocurrency mining is unsustainable and poses a threat to the country's electricity supply. Additionally, there are concerns that cryptocurrency mining could be used as a way to launder money and evade taxes.

As a result of the ban, all cryptocurrency mining operations in Angola must cease immediately. Those found to be in violation of the ban could face severe penalties, including fines and imprisonment.

Many in the cryptocurrency community have criticized the government's decision, arguing that it will stifle innovation and economic growth. However, the government remains firm in its stance that cryptocurrency mining is not in the best interests of the country.

It remains to be seen how this ban will impact the cryptocurrency industry in Angola and whether there will be any pushback from those affected by the decision.