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Ukraine justice system employee caught mining crypto at work the unnamed individual is said to have taken advantage of the equipment and internet bandwidth allocated for ukraines court
Vietnam in addition to the countries where btc is banned there are also countries where bitcoin is somewhat restricted and cannot be traded or used for payment it is simply impossible to ban them many individuals in those countries still make use of sites like local bitcoins paxful or bisq to trade it with major countries like the
This is suspected to be a direct result of the quarantine imposed by chinese authorities which prevented mining equipment manufacturers from producing and shipping their hardware the mining difficulty is the computing power needed to solve mathematical equations so that the miner can mine a new block and get the bitcoin reward
The mof determined that cryptocurrency mining hardware though not on the list of contraband materials provided a means for people in the country to use virtual currencies as a secondary payment method considering that cryptocurrencies are illegal in vietnam the mof sounded the call for a ban on crypto miner imports
According to the ministry protecting the vietnamese people from similar scams in the future requires state management agencies to take strict control measures with the import and use of this commodity mof therefore in may proposed to temporarily ban the import of cryptocurrency mining machines in a move to avoid harming local consumers
Vietnams central bank backs plan to suspend import of crypto mining equipment the prevalence of crypto mining equipment also reportedly makes it easier for people to use cryptocurrencies as methods of payment which is illegal in vietnam indeed the suspension was proposed by the ministry of finance as a sort of temporary solution while
Apr 13 2019 so will china ban bitcoin now cryptocurrency mining is among the other 450 lines of activities previously included in the list with the government having a strict control over the chinas economy this publication can be sign of the incoming doom for the chinese crypto mining industry
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Jun 07 2018 crypto mining fueling crime the decision of the vietnamese authorities to place a blanket ban on bitcoin mining equipment importation in the country stems from the recent cases of scams that have riddled its cryptosphere the most significant event being the fraudulent ico scheme orchestrated by a local startup known as modern tech
Noticeably crypto mining industries maturely expel the regular folks who make use of their computers in reality the chairman of hut 8 mining crop crypto mining equipment provider bitfury group ltd bill tai expects only 5 to 10 miners to endure and be lucrative he
The vietnamese central bank the state bank of vietnam sbv announced it will suspend the import of cryptocurrency mining hardware according to local news agency viet nam news july 19 the move followed an official request from the ministry of industry and trade moit which suggested a temporary ban of imports of crypto mining machines the volume of which reportedly amounted to 15600
Jun 07 2018 vietnams ministry of finance mof has proposed a sweeping albeit temporary ban on the import of cryptocurrency mining equipment according to local reports this week the proposal for the blanket ban was first made by the finance ministry on monday with the government body claiming its difficult to regulate the new
Apr 13 2018 pressure is being felt across the globe regarding crypto mining energy concerns the overload of crypto mining requests has meant certain parts of canada the united states and iceland has had to halt production of new mining rigs the latest to halt mining is mason county washington
Jul 23 2018 as they were previously absent from the list of prohibited imports it had been difficult to enforce the countrywide ban on using crypto as payment according to a report from xinhua in june vietnam imported over 6300 crypto mining devices in the first four months of 2018 while more than 9300 rigs entered the country in 2017
Jul 27 2018 earlier this week the state securities commission in vietnam decided to ban nearly all cryptocurrencyrelated activities in the country
Machinery industrial equipment similar coinmining farms in vietnam including eco mining and asama mining are still attracting investors with promises of high yields not entirely ban
As cryptoglobe reported in late june vietnams ministry of finance had called for a ban on all imports of bitcoin btc mining equipment at the time the countrys regulators had said that the use of cryptocurrencies must be prohibited as theyre often used to finance illicit activities
Vietnam to reinforce the nations ban on cryptocurrencies the central bank and trade ministry agreed in july to suspend the importing of mining equipment zambia the african nation is working to develop a blockchainbased land title registry in partnership with a company owned
You may also like disappearing act ceo of vietnamese crypto mining firm allegedly steals 35 million and hundreds of machines ban on crypto mining machines imports to vietnam
Vietnamese investors are in a hurry to import crypto mining equipment as the bitcoin price continues to flourish despite the chinese putting a stop to domestic icos investors desperately
Jun 05 2018 vietnams finance ministry wants a complete ban on the import of cryptocurrency mining rigs saying many of them are being used to launch new virtual currencies and forms of payment such operations are very difficult to regulate the ministry says
Oct 30 2017 vietnam bans payments in bitcoin and other cryptocurrencies if law enforcement catch payments being made or accepted in cryptocurrency the parties involved can be
Articles from bitcoin magazine about vietnam following a highlevel proposal in july to ban the importation of all cryptocurrency mining equipment into vietnam the vietnamese customs department has announced a total ban on all mining rig imports according to a local news outlet
Jun 07 2018 the ministry of finance in vietnam has called for an outright ban on the import of the cryptocurrency mining equipment to stop the alleged free flow of the rigs in the country vietnam calls for import ban on crypto mining rigs tech 7 june 2018 ed drake
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