crypto farm in russian shut down

in #story6 years ago

According to cointelegraph article russian police arrested Crypto farm owners and their managers. As recently russian has called Bitcoin an illegal product so trading and mining of crypto currency is not allowed in russia .
Last day russian police raid a famous crypto mining farm in the name of bill over due .
Real reason for the raid as told is over due bill but unfortunately we should understand that there are may be many reason for raid.
As the company was running almost 6000 miners but not paying a tax not even have their National taxation number.
According to experts mining companies like china and russia for crypto mining due to low rules and low cost of electricity
But still this is unbelievable if a company is running almost 6000 miners and running from many years how could be a bill over due now ?
in my view all the russian government need is regulation and tax . In many countries govt is trying to impose crypto tax so that govt will earn massive income from Online money exchangers and Crypto holders.
But bitcoin technology is decenterized and no one can track it so it is easy to hide your money using bitcoin,
bitcoin has no physical existence just a number game of investors who involve in trading market and more investor came more price will be pumped.
although some people claim that consumption is a “non-issue.“ russian police make a false blame on crypto mining company . They may b charge a massive amount of money from them as a tax .

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