Enter 100 'Chinese Bitcoin' but it is stuck

in bitcoin •  7 years ago 


According to the company's presentation, automatic data processing machines (Bitcoin diggers, Bitcoin plows), Bitmain manufacturers, Antminer L3 + are installed from the graphics chip to Mainly used for decoding the SHA256 string system (the market called bitcoin).

Next, it can be split into a computer running graphics normally.

These machines are processed by Bitmain instead of by the video card (VGA) as in Vietnam.

However, basing itself on the List of goods banned from export and import and the list of goods exported or imported under permits and subject to specialized management, promulgated together with Decree No. 187/2013 / ND-CP then the above items are not specifically identified.

According to the Ministry of Information and Communications's Circular No. 15/2014 / TT-BTTTT, the bitcoin automatic data processing machine, litecoin (HS 8471.50.90), is subject to the Ministry's specialized management.

However, the current documents do not contain any regulations on procedures, conditions and forms of management, so it is unclear whether they must be subject to conditional import or export.

Previously, with regard to the investment in the design of bitcoin, litecoin and virtual currencies, the State Bank of Vietnam issued Official Letter No. 5747 / NHNN-PC to the Government Office Responding to the recommendation of Mr. Vu Thai Ha.

In which the virtual currency in general and bitcoin, litecoin in particular is not a currency and not a legal means of payment under the general provisions of Vietnamese law. The issuance, supply and use of virtual currency in general and bitcoin, litecoin in particular (means of payment unlawful) as currency or means of payment are prohibited.

However, the import of a large number of computers, not related to the use of virtual currency as a means of payment, does not fall within the functions and tasks of the State Bank should in the official dispatch on , The State Bank of Vietnam also does not specify the computer data processing automatic bitcoin decoding, litecoin prohibited import or import must have a license.

Also, it is unclear to date that the management policy for Bitcoin diggers, bitcoin plows, and litecoin has been documented by the General Department of Customs. The Ministry of Information and Communication, the Ministry of Industry and Trade and the State Bank give specific comments on the import of this Bitcoin product, so that the General Department of Customs has the guiding basis for local customs and enterprises. Implementing the policy of managing and handling customs procedures.

It is known, on 11/8/2017, Ancarat Vietnam Joint Stock Company has registered the import declaration with the Customs Department of express delivery Customs Department of Ho Chi Minh City. Ho Chi Minh City for automated data processing machines to exploit virtual currency on the network with 100 items, worth $ 129,100. Goods originating in China.
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Regulators always come up with stupid regulation and don't provide the resources for enforcement. Cause the regulation is vague law enforcement wont go after people unless they are a big enough fish. The bottom line - if all your services are decentralized and you use complex password and encryption there's little hat can be done.

Secondly regulators and thieves work the same way - they both go after the easy targets.

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