+84(4) 3652 2374

No Regulations Nevertheless bitcoin casino no deposit

Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has shown the number of mining rigs which are on the list to be imported during the first three weeks of January.

Nguyen Thanh Tuyen, the deputy director of the customs department, told the HMC Law Department on January 24 that between January 1 and 23, a total of 7,932 mining rigs are currently waiting to become customs-cleared, Tuoi Tre reported.  He added that the complete value of the rigs is”nearly $12.3 million…[and] the amount of tax paid to the [city’s] budget is almost 28 billion dong [~$1.23 million].”  Tianphong elaborated:

Currently, bitcoin mining rigs’ price is rather high, from 70 to 80 million [VND]; some places even [sell them for] up to 100 million [VND] each machine.

The book noted that mining rigs are imported from China, adding although they cost roughly 20-25 million dong each but were sold dong each in early 2016.  By mid-2017,”that the amount 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 gambling and casino games.Bitcoin. Com 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 clarified that mining rig imports and mining operations in the city are”still normal because there are no regulations for the import of such products,” Tianphong quoted him. Presently,”the State Bank has verified that bitcoin and other similar virtual currencies aren’t legal way 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:

Bitcoin and litecoin, and virtual currency in general in particular, aren’t currencies and are not legal means of payment under the Vietnamese law.

What do you think of this Vietnamese mining sector growing so quickly?  Tell us in the comments section below.

Images courtesy of Shutterstock.

Need to calculate your bitcoin holdings? Check our tools section.

Source: bitcoincasinoreview.net