SARS seizes R10m worth of bitcoin mining equipment illegally hitched to power grid | Business

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Members of the SA Revenue Service and police have confiscated around R10 million worth of bitcoin mining equipment that had been illegally connected to the electricity grid of Vryburg in the North West. | News24_Business

"The warehouse was well equipped with state-of-the-art equipment to enable those involved to carry out their criminal activities. One foreign national was arrested. An investigation is under way, and more arrests are expected."

SARS commissioner Edward Kieswetter welcomed the raid in a statement, saying"the abuse of duty-free labels to circumvent payable duties and other criminal undertakings found at this warehouse undermines our economy and will be confronted and met with the full might of the law."In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features.

 

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