The customs authority of Argentina is investigating an alleged fraud scheme involving a company registered in the US state of Florida, which allegedly overvalued 2,223 mining machines bitcoin (BTC) imported into the country.
According to a report in the local newspaper Scopeauthorities confiscated the imported machines, which include several models, such as Whatsminer’s M30S.
the machines of bitcoin mining allegedly entered the country through Ezeiza International Airport, and were destined for a special tax zone in La Plata, but did not obtain the necessary approvals.
According to the local newspaper, the customs authorities of the Argentina found that the machines were declared at an average price of $10,000.
However, the investigation found that the real value of the machines is between US$5,770 and US$7,420, while their market value varies between US$6,316 and US$7,700.
Therefore, Scope informed that the importer would have overvalued the machines in $5 millionwith the exception that the final number requires calculating the mining power of each of the machines.
The company involved in importing the mining machines is a Florida-based corporation (SA), the newspaper reported.
The machines were imported from Chinathe article pointed out, but invoices by the company in United States. authorities of Argentina are allegedly investigating links between one of the American company’s employees and another individual.
“We must take care of the dollars for production and job creation, not for financial speculation,” said the director general of the Argentine customs, Guillermo Michel, quoted in the report of the local newspaper.
Authorities filed a complaint against the parties involved on June 23, Ámbito said.
Central Bank of Argentina bans cryptocurrency offering
In early May, the Central Bank of Argentina (BCRA) reported that financial institutions cannot allow customers to make transactions using digital assets.
The BC’s decision was announced two days after local banks said they would start offering cryptocurrencies to customers.
The BCRA’s justification was that financial institutions could not offer this type of service, as crypto assets are not regulated in the country.
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
