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.

Oct 21, 2022 at 5:16 p.m. UTC

Updated Oct 21, 2022 at 6:32 p.m. UTC

Argentina flag. (Unsplash) — Argentina's flag (Unsplash)

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

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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.”

In September, AFIP started inspecting crypto operations and conducting raids across the country in search of unregistered crypto miners.

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