South Korea Introduces Stringent Crypto Mining Import Laws


In contrasting reports, South Korea cut down on the import of mining chips citing possible energy hazards for the economy; while Taiwan showed how the export of mining chips could be beneficial to the economy.

The Korean Custom Services (KCS) has published a report on April 18 which placed mining hardware on a list of items which must meet strict import requirements – such as safety certifications. The report also mentions that between the last two months of 2017, 454 mining chips valued at 1.3 billion South Korean won ($1.2 million) were imported, as noted by the KCS.

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