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Home Crypto

Chinese Customs Authority Confiscates 49 Old ASIC Antminers – Regulation Bitcoin News

by Trading How
February 22, 2022
in Crypto
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Chinese language authorities proceed to crackdown towards bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed people that just lately tried to smuggle within the units utilizing falsified paperwork.

Gadgets to Be Disposed of in Accordance With Rules

Huangpu Customs of China’s Guangdong Province has mentioned it seized 49 used bitcoin (BTC) miners from an unnamed get together that was making an attempt to smuggle the units into the nation. Native reviews say the previous machines might be disposed of in accordance with native rules.

In accordance with a report printed on Monday, the alleged smugglers had used false data of their export paperwork. Nonetheless, upon inspection, authorities found the consignment was not comprised of shoe supplies, as acknowledged within the “export doc,” the report mentioned. As an alternative, the consignment consisted of what some reviews say are previous ASIC miners.

This newest seizure of the mining units by Chinese language authorities comes because the nation continues its crackdown towards bitcoin miners. The crackdown has already seen China relinquish its standing because the world’s primary bitcoin mining nation. Additionally as reported by Bitcoin.com Information, the crackdown has additionally spurred crypto mining actions in China’s neighboring states like Thailand and Kazakhstan.

Rectification of Mining Actions

In the meantime, the announcement of Huangpu Customs’ seizure of the previous ASIC Antminers got here simply days after one other Chinese language regulator, Shandong Growth and Reform Fee (SDRC), introduced the discharge of a doc titled “Report on Rectification of Digital Forex Mining Actions.”

In accordance with the China-based website 8btc, the regulator, via this doc announced the beginning of the supervision of phone strains for “rectification” of crypto mining actions on the provincial and municipal ranges.

What are your ideas on this story? Inform us what you assume within the feedback part under.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and author. He has written extensively in regards to the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.














Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any injury or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

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