Bitcoin
Report: Chinese Customs Authority Confiscates 49 ASIC Antminers
Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that recently attempted to smuggle in the devices using falsified documents.
Devices to Be Disposed of in Accordance With Regulations
Huangpu Customs of China’s Guangdong Province has said it seized 49 used bitcoin (BTC) miners from an unnamed party that was attempting to smuggle the devices into the country. According to local reports, the machines will be destroyed in accordance with local regulations.
According to a report published on Monday, the alleged smugglers had used false information in their export documents. The report stated that authorities found out that the consignment did not contain shoe materials as claimed in the “export document.” The consignment contained what some reports claim were old ASIC miners.
This latest seizure by Chinese authorities of mining devices comes as the country continues to crack down on bitcoin miners. The crackdown has already seen China relinquish its status as the world’s number one bitcoin mining country. Also as reported by Bitcoin.com News, the crackdown has also spurred crypto mining activities in China’s neighboring states like Thailand and Kazakhstan.
Rectification of Mining Activities
The announcement by Huangpu Customs of the seizure the ASIC Antminers was made just days after Shandong Development and Reform Commission, (SDRC) had released a document called “Report on Rectification Virtual Currency Mining Activities .”
According to the China-based website 8btc, the regulator, through this document announced the start of the supervision of telephone lines for “rectification” of crypto mining activities at the provincial and municipal levels.
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Terence Zimwara
Terence Zimwara, a Zimbabwean journalist, author and writer who has been awarded the Zimbabwe Booker Prize. He has written extensively on the economic problems of certain African countries and how digital currencies can offer an escape route for them.
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