Russian Miner Importer Under Investigation for Dodging Import Fees

Russian Miner Importer Under Investigation for Dodging Import Fees 1

Far-East Trading and Industrial Company, an importer of cryptocurrency mining gear, is being investigated by law enforcement authorities in Russia. 

In its report on the investigation, CoinDesk revealed that the miner importer is alleged to have evaded up to $1.2 million in taxes on about 6,012 ASIC miners brought into Russia between August 2017 and February 2018. 

According to a search warrant, the Moscow-based company (also known as DTPK) reportedly presented falsified documents to authorities throughout this period, with the documents themselves showing incorrect product prices.

The company was also accused of falsely reporting to the customs service that it got the miners from MSR Co., a Korean firm. Further investigation revealed that MSR Co. hadn’t done any business with the Russian company. 

Coinbase 3

Officers from the Russian Federal Customs Service led a raid of some suspected DTPK business partners earlier this month. Intelion Mining, a company that runs data centers that host miners, saw up to 2,500 of its ASICs seized by the authorities from locations in Moscow and Tula.  

The case is the latest in Russia’s efforts to tackle cryptocurrency miners who use equipment without proper documentation.

Russian Miner Importer Under Investigation for Dodging Import Fees 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,971.00
ethereum
Ethereum (ETH) $ 3,017.42
tether
Tether (USDT) $ 0.999855
cardano
Cardano (ADA) $ 2.14
binance-coin
Binance Coin (BNB) $ 366.27
xrp
XRP (XRP) $ 0.945174
solana
Solana (SOL) $ 139.23
polkadot
Polkadot (DOT) $ 29.39
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.210499
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,971.00
ethereumEthereum (ETH)
$ 3,017.42
tetherTether (USDT)
$ 0.999855
bitcoin-cashBitcoin Cash (BCH)
$ 542.49
litecoinLitecoin (LTC)
$ 160.91
bitcoinBitcoin (BTC)
36.646,23
ethereumEthereum (ETH)
2.573,30
tetherTether (USDT)
0,852689
bitcoin-cashBitcoin Cash (BCH)
462,64
litecoinLitecoin (LTC)
137,23
bitcoinBitcoin (BTC)
31,273.26
ethereumEthereum (ETH)
2,196.01
tetherTether (USDT)
0.72767
bitcoin-cashBitcoin Cash (BCH)
394.81
litecoinLitecoin (LTC)
117.11

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,874 0.05 % 6.22 % 5.02 %
Ethereum3,014.7 0.23 % 6.17 % 8.68 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.130 0.42 % 2.31 % 11.82 %
Binance Coin365.74 0.22 % 7.01 % 8.77 %
XRP0.9431 0.38 % 4.86 % 11.75 %
Solana138.72 0.58 % 4.66 % 18.05 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin0.9994 0.19 % 0.25 % 0.37 %
Dogecoin0.2109 0.05 % 6.02 % 11.04 %

bitcoin
Bitcoin (BTC) $ 42,971.00
ethereum
Ethereum (ETH) $ 3,017.42
tether
Tether (USDT) $ 0.999855
cardano
Cardano (ADA) $ 2.14
binance-coin
Binance Coin (BNB) $ 366.27
xrp
XRP (XRP) $ 0.945174
solana
Solana (SOL) $ 139.23
polkadot
Polkadot (DOT) $ 29.39
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.210499