Chinese Customs Authority Confiscates 49 Old ASIC Antminers – Regulation Bitcoin News

Chinese authorities are continuing to clamp down on bitcoin miners, after they confiscated 49 used Bitmain ASIC Antminers that were being smuggled in by unnamed persons.

Devices that must be destroyed in accordance with regulations

Huangpu Customs of China’s Guangdong Province has said it seized 49 used bitcoin (BTC) miners from an unnamed party that was attempting to smuggle the devices into the country. Local reports state that the old devices will be removed in line with regulations.

The report, published Monday, stated that the alleged smugglers were using false information in export documents. However, upon inspection, authorities discovered the consignment was not comprised of shoe materials, as stated in the “export document,” the report said. According to some reports, consignment included old ASIC miners.

Chinese authorities have taken the latest mining equipment from their hands as they continue to crackdown on bitcoin miners. The crackdown has already seen China relinquish its status as the world’s number one bitcoin mining country. Also as reported by Bitcoin.com News, the crackdown has also spurred crypto mining activities in China’s neighboring states like Thailand and Kazakhstan.

Rectification Mining Activities

Meanwhile, the announcement of Huangpu Customs’ seizure of the old ASIC Antminers came just days after another Chinese regulator, Shandong Development and Reform Commission (SDRC), announced the release of a document titled “Report on Rectification of Virtual Currency Mining Activities.”

According to the China-based website 8btc, the regulator, through this document announced the start of the supervision of telephone lines for “rectification” of crypto mining activities at the provincial and municipal levels.

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Terence Zimwara

Terence Zimwara, a Zimbabwean journalist, writer and author who has been awarded the Zimbabwe Booker Prize. He is a prolific writer on the economic woes of African countries, as well as digital currencies that can be used to provide an escape path for Africans.







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