“Excavator” Bitcoin continues importing to HCM City
A shipment of process Bitcoin data machines that imported via express. Photo: L.T |
According to Express Customs Branch – HCM City Customs Department, the automatic processing data machine for exploiting Bitcoin still continues importing to HCM City via express because it is not in the list of prohibited import goods. The importers are enterprises and individuals.
Earlier, as of 31/10/2017, at Express Customs Branch – HCM City Customs Department received 98 import declarations of automatic machine processing data. Total declarations were 1,478 dossiers with total value over $US 2.182 million and total tax payment was nearly VND 5 million.
The above machines were imported by 3 enterprises and some individuals, and an organization that did not have a tax code.
According to HCM City Customs Department, in order to use Bitcoin and some “crytocurrencies”, it needs to have an automatic processing data machine for exploiting crytocurrency via online.
However, on 28/10, the State Bank has issued a press release asserting Bitcoin and other crytocurrencies were not legal means of payment in Vietnam. The issuance, supply and use of Bitcoin and other crytocurrencies are prohibited in Vietnam.
At the same time, the State Bank also said that as from 1/1/2018, The issuance, supply and use of Bitcoin and other crytocurrencies will be charged with criminal violation under the Criminal Code Law (Amendments and Supplements) in 2017
Therefore, the import of automatic data processing machines Bitcoin, and litecoin, that are involved in prohibited activities in Vietnam will be charged with criminal violation.
From the above facts, the HCM City Customs Department has reported and proposed General Department of Vietnam Customs to stop importing these types of machinery. Currently, the General Department of Vietnam Customs has issued a document to exchange with related units for the import of the above machines.
Related News
HCM City Customs: Many creativitity in pandemic prevention and facilitating enterprises
09:52 | 19/04/2020 Customs
Latest News
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
23 customs offences prosecuted
09:56 | 06/04/2023 Anti-Smuggling
Customs seizes 20 drug-related offences
10:23 | 05/04/2023 Anti-Smuggling
Transnational drug crime remains complicated
09:52 | 03/04/2023 Anti-Smuggling
More News
Proactively control counterfeit goods and infringing intellectual property rights
10:32 | 02/04/2023 Anti-Smuggling
Hai Phong Customs proactively prevent contraband
11:39 | 01/04/2023 Anti-Smuggling
Transnational drug crime complicated
13:41 | 31/03/2023 Anti-Smuggling
COVID-19 drug-related trafficking prosecuted
09:23 | 30/03/2023 Anti-Smuggling
Prosecute a case of smuggling relating to importing medicines for Covid-19 treatment
15:39 | 29/03/2023 Anti-Smuggling
Consignments of over 600 tons of used oil are allowed for import or not?
10:20 | 29/03/2023 Anti-Smuggling
Lang Son: Launching several solutions to prevent smuggled dirty food
10:12 | 28/03/2023 Anti-Smuggling
Strictly control goods in transit, temporarily imported goods for re-export, goods deposited in bonded warehouses to prevent fraud
13:44 | 27/03/2023 Anti-Smuggling
Establishing an interdisciplinary working group to inspect, enhance anti-smuggling work
10:23 | 23/03/2023 Anti-Smuggling
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
23 customs offences prosecuted
09:56 | 06/04/2023 Anti-Smuggling
Customs seizes 20 drug-related offences
10:23 | 05/04/2023 Anti-Smuggling
Transnational drug crime remains complicated
09:52 | 03/04/2023 Anti-Smuggling
Proactively control counterfeit goods and infringing intellectual property rights
10:32 | 02/04/2023 Anti-Smuggling