According to Odaily, Argentine tax and naval security officials have successfully dismantled a significant Bitcoin mining smuggling ring. The Argentine Naval Prefecture, in collaboration with the national tax agency AFIP, conducted multiple raids as part of a coordinated large-scale operation. Following the raids on six residential properties in two cities, four individuals—two men and two women—were arrested. Authorities confirmed that all four have been formally charged with smuggling and money laundering-related offenses.
Officials revealed that the criminal group smuggled hundreds of high-end mobile phones, graphics cards, and cryptocurrency mining components into the country. They allegedly used 'crypto investments' to launder money and conceal profits from authorities. Under Argentine law, only licensed companies are permitted to import specialized cryptocurrency mining equipment. Police also released photos of armed personnel standing in front of a clothing store, suggesting that the group may have used a small shop as a front and a temporary warehouse to store the illegal mining equipment.
