The Argentinian tax authorities are carrying out more operations against unregistered cryptocurrency mining

The Argentinian tax authorities are carrying out more operations against unregistered cryptocurrency mining. It was recently reported that the appliances were discovered on a livestock and crop farm in the province of Santa Fe.

In a notice from the AFIP, it says that the farm had 35 crypto mining rigs and other equipment for mining cryptocurrencies. However, investigators report that the equipment had not been connected to the internet making it difficult to know how severely someone can be penalized for this illegal activity. The equipment also appeared to have been smuggled into the country without requiring large quantities of extra freight space because it was disguised as a cargo load of consumer goods.

More Illegal Crypto Miners Busted in Argentina

The Argentine Institute of Taxation and Financial Information (AFIP) confirmed that it had carried out an “operation” close to Santa Fe on a property where power consumption spiked by 800%.

The AFIP said they uncovered equipment including 96 video cards when they arrived on the scene. The hardware had an estimated value of $14 million and was reportedly being used for crypto mining, a process by which individuals can create digital currency by solving complicated math puzzles.

The property's owner did not declare any activity related to crypto-mining, according to the tax body. They'll issue the miner with a fine and corresponding adjustments to taxes.

The Argentinian authorities have been searching for crypto miners who haven't registered their operations within the last few months after ministers called for crypto-related tax reforms back in February this year.

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