Argentina Police Stated About Cryptocurrency Miners Popularized In The Country!

Argentina’s tax collection agency (AFIP) said in a statement. cryptocurrency He announced that he had raided for the first time to find his miners.

Argentine Police Raids Unregistered Cryptocurrency Miners for the First Time

Last Tuesday, AFIP conducted its first raid in the state of San Juan, where it found that an agricultural producer was harboring cryptocurrency mining equipment in a fruit cooling area.

AFIP did not disclose the amount of equipment discovered or the amount of crypto held by the miner.

AFIP also raided a Buenos Aires crypto mining company last week for working on a registered property for other commercial purposes. AFIP found 142 fittings and 1,355 graphics cards inside the venue.

Finally, on Thursday, AFIP conducted a third raid in the province of Córdoba, but no further details have been officially released.

Currently in Argentina bitcoin and there are no official records for cryptocurrency miners, and very few companies operate legally.

The majority of miners in the country operate in secret to avoid paying taxes and to take advantage of residential electricity tariffs backed by massive discounts compared to industrial rates.

However, it is known that it is one of the favorite places for cryptocurrency miners, as the regions in the south of the country are close to the polar region and therefore cold and therefore do not require additional cooling costs for miners.

In Argentina, where inflation is high, the public also shows more interest in crypto assets.

*Not investment advice.