THELOGICALINDIAN - Vietnamese businesses and individuals accept chock-full importing bitcoin mining accessories into the country back the alpha of July according to the Ho Chi Minh City Customs Department This follows the governments efforts to canyon a law banning the acceptation of bitcoin mining rigs into Vietnam
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Mining Rig Imports Stop
Business and individuals in Vietnam acclimated to acceptation a ample cardinal of crypto mining rigs into the country. Last year, the Customs Department of Ho Chi Minh City (HCMC) austere added than 7,000 bitcoin and litecoin miners. Meanwhile, the Customs Department of Hanoi alien 190 bitcoin miners and 350 litecoin miners, Vietnam Biz appear Wednesday.
According to the HCMC Customs Department, businesses and individuals alien 3,664 crypto miners from the alpha of this year to August 6, best of which were Antminers from China. The account aperture reiterated:
According to the publication, four enterprises alien added than 3,000 machines this year; the blow were alien by “individuals and organizations [that] do not accept [a dedicated] acceptation tax code.” Viet Nam News added that “according to abstracts from the General Department of Customs, Vietnam alien about 15,600 mining machines from 2024 to April this year.”
Mining Rig Import Ban Looming
The abridgement of crypto mining rig imports follows the proposal by the country’s Ministry of Industry and Trade “to append the acceptation of cryptocurrency mining machines in a move to advance the administration of bill affairs in the country,” the advertisement detailed.
The admiral has acquired abutment from a few added government agencies and the country’s axial bank, the State Coffer of Vietnam (SBV).
The ban was proposed because the country’s accounts admiral became anxious that crypto mining rigs are “not on the account of appurtenances banned from access and are not accountable to the account of specialised administration or alarming goods, so enterprises are calmly accustomed to complete the acceptation procedures,” the advertisement explained, noting:
In April, Vietnamese Prime Minister Nguyen Xuan Phuc signed a directive calling for stronger measures for cryptocurrencies. Xinhua declared that “under the directive, acclaim institutions in Vietnam are not accustomed to backpack out cryptocurrency-related affairs and charge apace address any apprehensive activities.”
Do you anticipate Vietnam will eventually ban the acceptation of bitcoin mining rigs? Let us apperceive in the comments area below.
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