Argentina Dismantles Illegal Cryptocurrency Mining and Arrests 40 Suspects

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Last Updated on October 23, 2022 by Bitfinsider

On Thursday, the government reported that the Argentine tax collection agency (AFIP) and the provincial government of Buenos Aires arrested 40 individuals after 70 raids that shut down an illicit cryptocurrency mining enterprise.

The AFIP discovered a shed believed to be used for cryptocurrency mining, along with “a large number of video boards along with racks and sources required for their connection,” the agency stated, adding that “significant amounts of cash and crypto mining equipment” were seized.

In September, AFIP began checking cryptocurrency companies and conducted nationwide raids in search of unregistered cryptocurrency miners.

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