No Regulations Nevertheless bitcoin casino no deposit

Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has revealed the amount of mining rigs which are on the list to be imported during the first 3 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 be 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] funding is nearly 28 billion dong [~$1.23 million].”  Tianphong elaborated:

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

The book noted that mining rigs are imported from China, including they cost approximately 20-25 million dong each but were sold for 35-40 million dong each in ancient 2016.  By mid-2017,”that the amount of mining rigs increased to VND 45-60 million each machine and at present, even though the purchase price of bitcoin decreased, the purchase price of mining rigs still increased to VND 80-90 million per machine,” the publication added.

News and bitcoin gambling 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 declared 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 since 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 can be subject to criminal prosecution from January 1, 2018,” the novel highlighted.

Nguyen Hoang Minh, deputy director of the HMC branch of the State Bank, was quoted saying:

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

What do you think about the Vietnamese mining industry growing so quickly?  Tell us in the comments section below.

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