Argentina Dismantles Illegal Crypto Mining Operation, Arrests 40

The country’s tax collection agency has seized cash and crypto mining equipment in a series of raids.

AccessTimeIconOct 21, 2022 at 5:16 p.m. UTC
Updated May 9, 2023 at 4:00 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Argentina’s tax collection agency (AFIP), together with the government of the Buenos Aires province, arrested 40 people after 70 raids that took down an illegal crypto mining operation, the government announced Thursday.

The AFIP located a shed allegedly used for crypto mining, “with a large number of video boards along with racks and sources required for their connection,” the agency said, adding that it seized “significant amounts of cash and crypto mining equipment.”

  • Messari CEO Reflects on Senate’s Influence on Crypto Industry
    04:02
    Messari CEO Reflects on Senate’s Influence on Crypto Industry
  • SEC's Crypto Enforcement Actions in 2023
    02:07
    SEC's Crypto Enforcement Actions in 2023
  • How Much Money Are Terrorists Actually Raising in Crypto?
    1:09:58
    How Much Money Are Terrorists Actually Raising in Crypto?
  • SEC Suing Kraken a 'Big Yawn' For Crypto Markets: Opimas CEO
    09:50
    SEC Suing Kraken a 'Big Yawn' For Crypto Markets: Opimas CEO
  • In September, AFIP started inspecting crypto operations and conducting raids across the country in search of unregistered crypto miners.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Marina Lammertyn

    Marina Lammertyn is a CoinDesk reporter based in Argentina, where she covers the Latin American crypto ecosystem. She holds no crypto.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.