AFIP hunts for trout cryptocurrency farms: how do they find them?

AFIP targets farms that mine cryptocurrencies and do not declare the activity. Since last Tuesday he reported the first operation in which he discovered hidden equipment in an agricultural establishment, There are already four cases.

How do they find them? Two data are serving the collection agency to find these establishments. On the one hand, imports of special equipment for this type of business and, on the other hand, the consumption of electricity.

Is that mining uses a lot of electricity and Argentina, because of its subsidized pricesbecome a “economic” destination for this activity.

The first AFIP raid was carried out in San Juan province. There they found a agricultural producer which housed cryptocurrency mining equipment in an area of fruit refrigeration. In this case, AFIP did not disclose the amount of equipment or cryptocurrencies held by the miner.

Last week, the revenue agency also raided a cryptocurrency mining company operating in Buenos Aires, where he was working on a property registered for other commercial purposes. inside the place, AFIP found 142 teams and 1,355 video cards.

On Thursday, AFIP carried out a third raid on Cordoba. He had obtained one of the two farms discovered undeclared income of $ 217,000 in the past seven monthsreported the entity. They had electricity consumption of $ 1 million and equipment of over $ 600,000, although they were registered as mono-tributaries.

This Monday the body led by Carlos Castagneto was found Santa Fe a farm that has cooled its equipment using the oil immersion method.

The inspection and control areas had taken over a monthly electricity consumption of $ 4 million In the factory.

Currently, Argentina does not have an official registry of cryptocurrency miners, and few companies operate legally. Most companies do business clandestinely to avoid paying taxes and take advantage of the residential electricity rates that are subsidized.

The control tasks have the purpose of verifying the correct declaration of the assets, the origin of the funds for their acquisition, the proceeds deriving from the activity and to identify the virtual wallets where the rewards of the various cryptocurrencies and their beneficiaries are deposited.