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49 used crypto mining equipment intended for export are seized by Chinese customs

State media said on Monday that customs in Dongguan, China’s southeast, seized 49 second-hand Ant miners designated “shoe material” for export, at least the third seizure in February.

According to Dongguan customs’ superior department, the Guangzhou Huangpu customs, the rigs have been detained for fraudulent declaration and are awaiting further actions.

In February, customs officials in Shenzhen and Wuhan seized 126 and 46 miners, respectively, for using deceptive labelling and declaration forms.

According to a December report by a state-backed paper, China prohibited crypto mining in September, causing a large flight of the local crypto mining industry from the country. However, officials continued to break small-scale operations.

In a December editorial, one of the Chinese Communist Party’s periodicals, Economic Daily, advocated for a crackdown on private crypto miners.

At least four provinces have boosted electricity tariffs for those still running crypto mining nodes since last October, with Shandong and Shaanxi opening hotlines for residents to report information on illegal crypto mining.

According to the most recent “Export Prohibition List (Sixth Edition),” which hasn’t been revised since 2021, China has not prohibited mining machines from being exported.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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