Nearly 8000 Mining Rigs to be Imported
The Ho Chi Minh City (HMC) Customs Department has shown the amount of mining rigs that 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 23 and January 1, a total of 7,932 mining rigs are currently waiting to become customs-cleared, Tuoi Tre reported. He added that the total 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, the price of mining rigs is quite high, from 70 to 80 million [VND]; a few places even [sell them for] around 100 million [VND] each machine.
The publication noted that most mining rigs are imported from China, adding they cost roughly 20-25 million dong each but were sold for 35-40 million dong each in early 2016. By mid-2017,”the price of mining rigs increased to VND 45-60 million each machine and at present, even though the price of bitcoin diminished, the purchase 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 recently reported that a total of 7,005 mining rigs that were known were imported in 2017. The majority 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 Nevertheless
Tuyen explained that mining rig imports and mining operations in the city are”still normal because there are no regulations for the import of such goods,” Tianphong quoted him. Currently,”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 may be subject to criminal prosecution from January 1, 2018,” the novel emphasized.
Nguyen Hoang Minh, deputy director of the State Bank’s HMC branch, was quoted saying:
Bitcoin and litecoin, and currency generally particularly, are not currencies and are not means of payment under the Vietnamese law.
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