Baku, Azerbaijan, May 24
By Huseyn Veliyev - Trend:
The import of cryptocurrency mining equipment in Azerbaijan is gradually becoming more liberal, Founder and Chairman of the Board of Akhundoff Group Company Telman Akhundov told Trend.
He said the problems faced by importers in recent months, are now almost fully eliminated.
As previously reported, importers who previously imported mining equipment into the country were faced with the fact that they either had to store the equipment in a customs warehouse and pay a duty (for maintenance) until the relevant law was adopted, or return the goods back.
"These problems existed. Many persons who were engaged in the import of equipment for mining, confirmed this fact. Boxes with a bitcoin icon were not allowed on the market. Now the situation has changed, and gradually this issue is becoming more transparent. However, it should also be mentioned that the trend in the import of equipment into the country has also decreased. The reason for the reduction in the import of mining equipment is a significant decrease in the bitcoin exchange rate. It became unprofitable for many people to engage in mining," Akhundov said.
However, Akhundov said, there are prerequisites that the bitcoin rate will grow in June-July of this year, which is based on the opinion of influential world experts.
"However, even their opinions differ. Some of them areagainst cryptocurrencies. I look at it optimistically and I think that the Internet should have its own currency, and the bitcoin is the most suitable one," Akhundov said.
As previously reported, the country has a number of enterprises that have their own full-fledged mining farms. One of such structures is Sumgait Technologies Data Center (STDC), where with the support of Azerenerji a corresponding data center based on blockchain technology has been created. The STDC data processing center has been established at the Sumgayit Chemical and Industrial Park.
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