Vietnam stops importing bitcoin mining machines

Vietnamese businesses and individuals have stopped importing bitcoin mining machines since the beginning of July, according to the Ho Chi Minh City Customs Department.

Vietnam imported more than 3,664 cryptocurrency mining rigs in the first six months of the year. (Photo: cafef.vn)
The department said firms and individuals imported more than 3,664 cryptocurrency mining rigs in the first six months of the year, most of which were ‘Antminer’ branded models from China.

Four enterprises imported more than 3,000 machines this year, while the rest was imported by individuals and organisations, which do not have import tax codes.

Last year, the HCM City Customs Department completed customs clearance for more than 7,000 bitcoin and litecoin miners. Meanwhile, the Hanoi Customs Department approved import of 190 bitcoin miners and 350 litecoin miners.

The Ministry of Industry and Trade in collaboration with the Ministry of Finance, the State Bank of Vietnam, the Ministry of Justice and relevant agencies are considering suspending the import of cryptocurrency mining machines in a move to improve the management of currency transactions in the country.
Mời quý độc giả theo dõi VOV.VN trên

Related

Ministry proposes tougher bitcoin regulations
Ministry proposes tougher bitcoin regulations

The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions.

Ministry proposes tougher bitcoin regulations

Ministry proposes tougher bitcoin regulations

The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions.

Stocks, bitcoin the most profitable investment channels in 2017
Stocks, bitcoin the most profitable investment channels in 2017

With the VN Index increasing sharply by 48 percent in 2017, stocks were the assets with the highest profitability. No other assets, except bitcoin, brought such impressive profits.

Stocks, bitcoin the most profitable investment channels in 2017

Stocks, bitcoin the most profitable investment channels in 2017

With the VN Index increasing sharply by 48 percent in 2017, stocks were the assets with the highest profitability. No other assets, except bitcoin, brought such impressive profits.

PM orders tighter control of Bitcoin, cryptocurrency
PM orders tighter control of Bitcoin, cryptocurrency

Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions.

PM orders tighter control of Bitcoin, cryptocurrency

PM orders tighter control of Bitcoin, cryptocurrency

Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions.