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PANews · Articles·· 2h ago

Does Exporting Cryptocurrency Mining Machines Constitute Smuggling?

Original source: PANews · ArticlesRead original
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A legal analysis by lawyer Shao Shiwei's team concludes that exporting cryptocurrency mining machines does not constitute smuggling under current Chinese law. The article argues from both legal provisions and customs enforcement practices that mining machines are not goods prohibited from export, and no public administrative penalty decisions classify them as such. However, the lawyer warns that exporters must still declare goods truthfully, pay taxes, and comply with quarantine regulations to avoid administrative penalties or even criminal charges for smuggling ordinary goods. Additionally, the legality of the machines in the destination country must be assessed separately under local laws, as some nations impose severe criminal penalties for possessing mining equipment or conducting mining activities.

Source: PANews · Articles · panewslab.com

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