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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 that are on the list to be imported during the first 3 weeks of January.

The deputy director of the customs department, nguyen Thanh Tuyen, told the HMC Law Department on January 24 that between January 1 and 23, a total of 7,932 mining rigs are waiting to become customs-cleared, Tuoi Tre reported.  He added that the total value of these 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 purchase price of bitcoin mining rigs is quite high, from 70 to 80 million [VND]; some places [sell them for] up to 100 million [VND] each machine.

The book noted that mining rigs are imported from China, adding that they cost approximately 20-25 million dong each but were sold for 35-40 million dong each in ancient 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 gaming 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 declared 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 since there are no regulations for the import of these goods,» Tianphong quoted him. Presently,»the State Bank has confirmed that bitcoin and other similar virtual currencies are not legal way 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 publication emphasized.

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

Bitcoin and litecoin, and virtual currency generally particularly, are not currencies and are not legal 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.

Pictures courtesy of Shutterstock.

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Source: bitcoincasinoreview.info

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