Customs and US border protection authorities (CBP) may have wrongly seized thousands of bitcoin minors in the impression that they were illegally imported radio frequency devices.
Thousands of bitcoin minors (BTC) of Chinese manufacturing have been seized in the American entrance ports since September around and started to be released a few weeks ago.
The CBP decision to seize Bitcoin minors came at the request of the American Federal Commission Commission Agency, said industry players.
However, the Bitcoin Mining Mining, Luxor Technology, Ethan Vera exploitation company told Cointtelegraph that the FCC’s request was made under the erroneous belief that Bitcoin miners were radiofrequency devices.
“We believe that the CBP and / or the FCC have mistakenly classified the ASIC of Bitcoin exploitation as radiofrequencies, despite clear evidence.”
Vera said Luxor had seen the radiofrequency system “call” in letters she received from the CBP.
Any device shipped to the United States which carries a radio frequency must be disclosed via an FCC 740 form. However, Vera said that Bitcoin extraction machines are not designed to send radio frequency signals.
“Radiofrequency equipment is devices designed to transmit, receive or manipulate radio waves. The ASIC treats electrical signals but do not generate or do not intentionally transmit the radio frequency signals, “said Vera.
“They are wrong.”
Cointtelegraph stretched out CBP to comment but did not receive an immediate response.
The Holdup was initially understood as being linked to the designer of fleas linked to Bitmain Sophgo, which was taken in a survey of the US Commercial Department in October after fleas like those he ordered in Taiwan were found in a Huawei AI processor. Huawei has been under American sanctions since 2019.
Industry actors do not know what political motivations were behind the crises or the duration of the situation persist, noted Vera.
He added that certain Bitcoin extraction companies have rallied behind groups of lobbyists to seek a detailed explanation of the events and determine the best way to follow.
In relation: Bitcoin minors languish in the middle of the Crypto – JPMorgan market rout
The release of Bitcoin Chinese manufacturing minors takes place while the Trump administration has imposed a 10% tariff on Chinese imports.
The chief analyst Mitchell Askew of the Bitcoin Blockware Solutions infrastructure company said that the prices could lead a dynamic similar to what happened in 2021, where the prices of the Integrated Circuit (ASIC) specific to the Bitcoin Application have shown.
“You had the bruising market of the BTC as a positive catalyst for the ASIC demand, at the same time as the cocovid supply chain shock, which was a negative supply catalyst – the combination of the factors caused ASIC prices more than 10x within 12 months.”
Vera, however, does not provide that the “significant disturbances” of the ASIC supply chain, stressing that many bitcoin minors imported in the United States come from Southeast Asia, not from China.
“However, a broader trade war could have side effects, more encouraging manufacturers to extend assembly capacities on the ground.”
Review: Steam bitcoin minors after electricity flights exchange a “closure” scam: Asia Express
