Individuals and business stay away from importing Bitcoin mining rigs to Vietnam
The government, supported by other government agencies and the country’s central bank, is likely to pass a law banning the import of bitcoin mining rigs into Vietnam.
Owing to the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam, since early July, Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country. The Customs Department of Ho Chi Minh City (HCMC) confirmed the same with Bitcoin.com.Earlier businesses and individuals imported a large number of crypto mining rigs into the country. The customs department of HCMC cleared more than 7,000 bitcoin and litecoin miners last year.Around 190 bitcoin miners and 350 litecoin miners were imported by the Customs Department of Hanoi. As reported by the HCMC Customs Department 3,664 crypto miners were imported by the businesses and individuals from the beginning of this year to August 6, most of which were Antminers from China.The few other government agencies and the country’s central bank, the State Bank of Vietnam (SBV) extended support towards the move.Prime Minister Nguyen Xuan Phuc, in April this year, had signed a directive for stronger measures for cryptocurrencies. "Under the directive, credit institutions in Vietnam are not allowed to carry out cryptocurrency-related transactions and must swiftly report any suspicious activities," authorities said while imposing the ban on import of bitcoin mining rigs.
Congratulations @freesanta! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
You got your First payout
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Congratulations @freesanta! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.
Congratulations @freesanta! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of comments received
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.
Congratulations @freesanta! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Award for the number of upvotes received
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
Congratulations @freesanta! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!