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Cryptocurrency miners may find it to be more troublesome in getting foreign-made mining chips imported to the country in South Korea.
As indicated by information distributed by the Korean Customs Service (KCS) Wednesday, the government agency has included cryptocurrency mining chips into the present rundown for things that are commanded to meet certain requirement set by existing laws for importation, for example, security and sanitation certifications.
The new measure arrives after the outskirt control organization has noticed the increasing amount of cryptocurrency miners imported into South Korea, as indicated by a report from South Korean media outlet Kyunghyang yesterday.
For instance, just in November and December a year ago, the KCS has discovered imports of 454 mining chips at an estimated value of 1.3 billion Korean won (or $1.2 million), the report said.
However because of its significant electricity utilization and related warming, the use of these mining machines draws worries from the organization whether they bring high probability of flame occurrences, the report went on.
To that exertion, the report said the organization will now examine security issues of imported cryptocurrency mining machines in view of the current radio law and safety requirements on electronic goods put out by the National Radio Research Agency, a government body that sets standardization on technical directions.
The new move additionally comes when public and private sectors in South Korea have moved to end supposedly illicit mining activities particularly in public space because of concerns related with high electricity cost and fire risk.
As announced previously, not long ago Korean police has busted 14 individuals from 13 organizations who had allegedly utilized cheap electricity gave at industrial factories to mine cryptocurrencies.
In August a year ago, a gadgets retail marketplace in Seoul additionally restricted stores from mining cryptocurrencies inside the building because of flame worry that stems from the rising danger of heated temperature.
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