Chinese customs seize 49 old bitcoin mining rigs

Chinese authorities continue to crack down on bitcoin mining gear after seizing 49 used Bitmain Antminers ASICs from unnamed individuals who recently attempted to smuggle them with private funds.

Chinese customs seize 49 old bitcoin mining rigs

Devices are to be handled according to regulations

Huangpu Customs, in Guangdong province, China, said they had seized 49 used Bitcoin mining machines from an unnamed party trying to smuggle the equipment into the country. Local reports indicate that old devices should be disposed of in accordance with local regulations.

The suspected smugglers used false information in their export documents, according to a report published on Monday. However, during the inspection, the authorities found that the shipment did not contain shoe materials as stated in the “export documents”, but old ASIC mining machines.

The arrest comes just days after another Chinese regulator, the Shandong Development and Reform Commission (SDRC), announced the release of a document titled “Report on Virtual Currency Mining Activities.”

According to China-based website 8btc, the regulator has reportedly begun monitoring phone lines to “regulate” crypto mining activities at the provincial and municipal levels.

Join CoinCu Telegram to keep track of news:

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

970x90.gif (970×90)