Argentina’s Agency Dismantles An Illegal Crypto-mining Farm

Argentina’s national tax office dismantled an undeclared crypto mining farm in a so-called “mega operation” that resulted in the arrest of 40 persons, the latest in a string of crypto-related crackdowns in the country.

The tax body, known as AFIP in Spanish, said in a statement that it collaborated with local authorities to execute 70 raids. It seized over 100 mobile phones and SIM cards, as well as cash, cars, guns, laptops, and various office equipment, including memory cards, flash drives, and printers.

The mining farm was supposedly run from a shed in the municipality of Quilmes, some 12 miles southeast of Buenos Aires. The farm was running on stolen wires, and officials were looking into the suspected energy theft to conceal the crypto mining activities.

The AFIP discovered a shed reportedly used for the mining, with a considerable number of video boards as well as racks and sources necessary for their connection, according to the agency, which also confiscated substantial quantities of cash and crypto mining equipment.

Since new head Carlos Castagneto took over in late July, AFIP has increased its investigations into digital asset businesses.

In September, the agency revealed the discovery of three crypto-mining sites that allegedly concealed their mining operations by failing to properly declare their activity.

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