Nearly 8000 Mining Rigs to be Imported
The Ho Chi Minh City (HMC) Customs Department has revealed the amount of mining rigs that are on the list to be imported during the first 3 weeks of January.
Nguyen Thanh Tuyen, the customs department’s deputy director, told the HMC Law Department on January 24 that between January 1 and 23, a total of 7,932 mining rigs are currently waiting to become customs-cleared, Tuoi Tre reported. He added that the total value of these rigs is”almost $12.3 million…[and] the amount of tax paid to the [city’s] funding is almost 28 billion dong [~$1.23 million].” Tianphong elaborated:
Currently, the price of mining rigs that are bitcoin is high, from 70 to 80 million [VND]; some areas even [sell them for] around 100 million [VND] per machine.
The book noted that many mining rigs are imported from China, adding they cost approximately 20-25 million dong each but were sold dong each in 2016. By mid-2017,”the amount of mining rigs increased to VND 45-60 million per machine and at present, although the purchase price of bitcoin decreased, the purchase price of mining rigs still increased to VND 80-90 million per machine,” the publication added.
News and bitcoin gambling and casino games.Bitcoin. Com reported that a total of 7,005 mining rigs that were known were imported in 2017. Most of them, 5,527 rigs, were imported between November and December 21. Only 1,478 rigs were declared entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.
No Regulations Nevertheless
Tuyen explained that mining rig imports and mining operations in the city are”still normal because there are no regulations for the import of such products,” Tianphong quoted him. Currently,”the State Bank has verified that bitcoin and other similar virtual currencies are not legal way of payment in Vietnam” and residents using them as such”will be fined 150-200 million [VND], and may be subject to criminal prosecution from January 1, 2018,” the publication emphasized.
Nguyen Hoang Minh, deputy manager of the State Bank’s HMC branch, was quoted saying:
Bitcoin and litecoin, and virtual currency in general particularly, are not currencies and are not legal means of payment under the law.
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Source: bitcoincasinoreview.net
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