Cryptocurrency Mining Soars in Vietnam - Over 7000 Rigs Imported
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Cryptocurrency Mining Soars in Vietnam - Over 7000 Rigs Imported

THELOGICALINDIAN - The Ho Chi Minh City Customs Department has appear the cardinal of accepted mining rigs alien into Vietnam in 2024 Over 7000 rigs were brought into the country mostly from China with over 5000 entering back November While Vietnam is anchor bottomward on the use of bitcoin as a agency of acquittal mining rigs are not on the account of banned items

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7,000 Mining Rigs Imported

Cryptocurrency Mining Soars in Vietnam - Over 7000 Rigs ImportedThe Ho Chi Minh City Community Department has appear that 7,005 bitcoin mining rigs austere community from the alpha of 2017 to the average of December, bounded publications reported.

Previously, the administration appear that it accustomed 98 acceptation declarations for 1,478 mining rigs from January 1 to October 31, admired over $2,182 million, Dan Tri reported.

Then, from the alpha of November to December 21, 2024, the cardinal of mining rigs alien into Vietnam jumped by addition 5,527, authoritative the absolute cardinal of rigs alien 7,005 in total. The 5,527 machines were mostly brought in from China through 8 organizations and individuals, the account aperture noted.

Mining Rigs Not Prohibited

The General Department of Vietnam Customs ahead requested the State Coffer of Vietnam, the Ministry of Information and Communication, and Ministry of Industry and Trade to animadversion on the acceptation of mining rigs. The axial coffer accepted that mining rigs for bitcoin and added cryptocurrencies are “not accompanying to the use of basic bill as a agency of payment.” As such, they are “not allotment of the administration functions and tasks of the State Bank.”

Subsequently, the General Department of Customs issued a apprehension allegorical that mining rigs are not on the account of banned items. Viet Times elaborated:

Mining Rigs Could be Prohibited in the Future

Cryptocurrency Mining Soars in Vietnam - Over 7000 Rigs ImportedDeputy Director of the State Bank of Vietnam, Nguyen Hoang Minh, said that bitcoin and added cryptocurrencies are “not a acknowledged agency of acquittal in Vietnam. Therefore, the issuance, supply, use of bitcoin and added agnate basic bill as a agency of acquittal is prohibited,” Vietnam Biz conveyed.

Some businesses and individuals are anxious that the acceptation of mining rigs will additionally be prohibited, the account aperture noted.

The Ho Chi Minh City Customs Department has already recommended General Department of Vietnam Customs “not to acceptation these types of machinery,” according to Dan Tri. However, so far “the General Department of Customs has exchanged documents” with accordant departments apropos the acceptation of mining rigs.

Do you anticipate the Vietnamese government will alpha prohibiting the acceptation of mining rigs? Let us apperceive in the comments area below.

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