Nearly 8000 Mining Rigs to be Imported
The Ho Chi Minh City (HMC) Customs Department has revealed the number of mining rigs which are on the list to be imported during the first 3 weeks of January.
The deputy director of the customs department, nguyen Thanh Tuyen, told the HMC Law Department on January 24 that between 23 and January 1, a total of 7,932 mining rigs are waiting to be 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] budget is nearly 28 billion dong [~$1.23 million].” Tianphong elaborated:
Currently, mining rigs’ purchase price is quite high, from 70 to 80 million [VND]; some areas even [sell them for] around 100 million [VND] each machine.
The book noted that mining rigs are imported from China, including although they cost approximately 20-25 million dong each but were sold for 35-40 million dong each in early 2016. By mid-2017,”that the price of mining rigs increased to VND 45-60 million per machine and at present, even though the price of bitcoin decreased, the price of mining rigs still increased to VND 80-90 million each machine,” the publication added.
News and bitcoin gaming and casino games.Bitcoin. Com recently reported that a total of 7,005 known mining rigs were imported in 2017. Most of them, 5,527 rigs, were imported between November and December 21. Only 1,478 rigs were announced entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.
No Regulations Yet
Tuyen explained that mining rig imports and mining operations in the city are”still normal since there are no regulations for the import of such goods,” Tianphong quoted him. Presently,”the State Bank has confirmed that bitcoin and other similar virtual currencies aren’t legal means of payment in Vietnam” and residents using them as such”will be fined 150-200 million [VND], and can 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:
Currency generally, and are not way of payment and bitcoin and litecoin in particular, aren’t currencies.
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