The Central Bank of Vietnam has backed the decision to ban the importation of crypto mining equipment by the country’s Ministry of Finance.
Aug 15, 2018· Vietnam Crackdowns on Crypto Mining Equipment Imports. August 15, 2018 by Alan Wass Leave a Comment. A Vietnamese news outlet has confirmed that the nation has clamped down on the importation of crypto mining equipment as proposed in July. It is reporting that no mining companies or individual miners can purchase mining equipment from abroad ...
Sep 12, 2017· It does not appear any equipment has been withheld so far, but the situation can change at any given moment. Additionally, the State bank of Vietnam warns the public on cryptocurrencies once again. As we all know, this is a common tactic among banks which eventually leads to nothing. Vietnam Sees a lot of Altcoin Mining Action
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According to a report on the Hanoi Times, Vietnam’s Ministry of Finance (MoF) wants to suspend the importation of digital currency mining hardware. The reason for the ban is allegedly a large scam where more than 32,000 investors lost almost $660 million.
So far, the Vietnamese government cannot suppress the mining of bitcoin and other cryptoassets. The population uses tokens for payments, although local laws prohibit this. Vietnam imported over 6,300 units of mining equipment in 2018, and another 9,300 units were delivered to the country last year.
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Aug 07, 2018· Vietnam’s Ministry of Finance (MoF) has officially proposed that the country temporarily bans the importation of cryptocurrency mining equipment, according to the local news outlet named Vnexpress on Jun 5, 2018. Mining equipments are currently easily imported into Vietnam, over 6,300 cryptocurrency mining rigs were imported within the first 4 months of this year.
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Vietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over $656 million and more than 32,000 victims. Also read: Yahoo!
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Most of the imported mining equipment were actually from China. According to a report, more than 3000 machines that entered the country this year were imported by those that don’t have a dedicated tax code. Also, from 2017 to April 2018, around 15,600 mining machines were imported into Vietnam according to the General Department of Customs.
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Mining Vietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over $656 million and more than 32,000 victims. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space …
Vietnam’s ministry of finance has made an official proposal to ban the import of cryptocurrency mining equipment.This is another step towards a total ban of cryptocurrency activity in Vietnam, which is what the government is pushing for.
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Jun 06, 2018· Vietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over …