2 years ago
Chinese authorities proceed to crackdown against bitcoin miners aft they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that precocious attempted to smuggle successful the devices utilizing falsified documents.
Devices to Be Disposed of successful Accordance With Regulations
Huangpu Customs of China’s Guangdong Province has said it seized 49 utilized bitcoin (BTC) miners from an unnamed enactment that was attempting to smuggle the devices into the country. Local reports accidental the aged machines volition beryllium disposed of successful accordance with section regulations.
According to a report published connected Monday, the alleged smugglers had utilized mendacious accusation successful their export documents. However, upon inspection, authorities discovered the consignment was not comprised of footwear materials, arsenic stated successful the “export document,” the study said. Instead, the consignment consisted of what immoderate reports accidental are aged ASIC miners.
This latest seizure of the mining devices by Chinese authorities comes arsenic the state continues its crackdown against bitcoin miners. The crackdown has already seen China relinquish its presumption arsenic the world’s fig 1 bitcoin mining country. Also arsenic reported by Bitcoin.com News, the crackdown has besides spurred crypto mining activities successful China’s neighboring states similar Thailand and Kazakhstan.
Rectification of Mining Activities
Meanwhile, the announcement of Huangpu Customs’ seizure of the aged ASIC Antminers came conscionable days aft different Chinese regulator, Shandong Development and Reform Commission (SDRC), announced the merchandise of a papers titled “Report connected Rectification of Virtual Currency Mining Activities.”
According to the China-based website 8btc, the regulator, done this papers announced the commencement of the supervision of telephone lines for “rectification” of crypto mining activities astatine the provincial and municipal levels.
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Terence Zimwara
Terence Zimwara is simply a Zimbabwe award-winning journalist, writer and writer. He has written extensively astir the economical troubles of immoderate African countries arsenic good arsenic however integer currencies tin supply Africans with an flight route.
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