{"id":249558,"date":"2021-05-14T12:35:34","date_gmt":"2021-05-14T09:35:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/turkish-customs-confiscate-over-500-smuggled-bitcoin-mining-rigs\/"},"modified":"2021-05-14T12:35:34","modified_gmt":"2021-05-14T09:35:34","slug":"turkish-customs-confiscate-over-500-smuggled-bitcoin-mining-rigs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/turkish-customs-confiscate-over-500-smuggled-bitcoin-mining-rigs\/","title":{"rendered":"# Turkish customs confiscate over 500 smuggled Bitcoin mining rigs"},"content":{"rendered":"<p>&#8220;<strong># Turkish customs confiscate over 500 smuggled Bitcoin mining rigs <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvMjQ5YzY4ZTctNzExZS00ZTQxLTg0YzktZDllMjgzNjYzM2RmLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Turkish customs enforcements brought down an illegal smuggling operation in what is said to be a record bust against illegal Bitcoin (BTC) mining equipment in the country.\u00a0<\/p>\n<p>After receiving a tip, Turkey\u2019s Customs Protection\u2019s anti-smuggling and intelligence teams raided a warehouse earlier this week in Karaba\u011flar, \u0130zmir, where they found 501 ASIC Bitcoin mining rigs in closed cardboard boxes.\u00a0<\/p>\n<p>Customs enforcement reported the estimated value of the seized equipment at 5 million Turkish liras, or $600,000. Four suspects were <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.iha.com.tr\/haber-izmirde-buyuk-operasyon-5-milyon-degerinde-kripto-para-uretim-cihazlari-ele-gecirildi-927348\/\">detained<\/a> as part of the investigation. Reports claim that law enforcement is carrying out another active operation in \u0130stanbul, the biggest city and a major customs checkpoint in Turkey.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>lication-Specific Integrated Circuits, or ASICs, are the most popular way to mine Bitcoin, but they are also known for their high electricity usage, a widely known issue that has caused Elon Musk to pull back on his decision to accept Bitcoin payments for Tesla cars.<\/p>\n<p>Once known as a crypto-friendly country, Turkey has recently stepped up its monitoring of crypto frauds and transactions. Last month, Turkish crypto exchange Thodex halted operations with over $150-million missing, rendering thousands of users unable to access their funds. <\/p>\n<p>Shortly after Turkish police detained 62 suspects in the Thodex investigation, another local exchange, Vebitcoin, shut down in the same manner. <\/p>\n<p>More recently, the Turkish Minister of Treasury and Finance L\u00fctfi Elvan announced that the Financial Crimes Investigation Board, or MASAK, has full authority to audit and oversee crypto exchanges. As a countermeasure for fraud and illegal money trafficking, any crypto exchange with a presence in Turkey is now obliged to inform MASAK about crypto transactions over 10,000 Turkish liras ($1,200). <\/p>\n<p>Local blockchain and crypto experts agree that Turkey needs a clear regulatory framework to prevent fraud in the ecosystem.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/turkish-customs-confiscate-over-500-smuggled-bitcoin-mining-rigs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Turkish customs confiscate over 500 smuggled Bitcoin mining rigs &#8221; Turkish customs enforcements brought down an illegal smuggling operation in what is said to be a record bust against illegal Bitcoin (BTC) mining equipment in the country.\u00a0 After receiving a tip, Turkey\u2019s Customs Protection\u2019s anti-smuggling and intelligence teams raided a warehouse earlier this week&#8230;<\/p>\n","protected":false},"author":1,"featured_media":249559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvMjQ5YzY4ZTctNzExZS00ZTQxLTg0YzktZDllMjgzNjYzM2RmLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,55229,75393],"class_list":["post-249558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-law","tag-turkey"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/249558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=249558"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/249558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/249559"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=249558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=249558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=249558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}