Ver Angola

Defense

Nine people arrested on suspicion of cryptocurrency mining

Authorities detained nine citizens, four Chinese and five Angolans, suspected of mining cryptocurrencies in a clandestine construction site where hundreds of processors were installed, the Criminal Investigation Service (SIC) announced this Friday.

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The four Chinese citizens led the mining network – a process that aims to validate and add records of new transactions – of virtual currencies and the Angolans were workers at this shipyard, where three electrical energy transformation points connected to the public network, he said.

The information was transmitted this Friday by the director of the SIC's Social Communication and Press office, chief superintendent Manuel Halaiwa, noting that the suspects were carrying out this illegal activity in Angola in the municipality of Sequele, in Luanda.

Halaiwa detailed that the electrical power stations, "properly hidden on site", powered two ships with hundreds of cryptocurrency mining processors.

The law on mining cryptocurrencies and other virtual assets, approved in December 2023 in the country, establishes prison sentences of one to five years for anyone in possession of computer material for mining and imprisonment of three to twelve years for anyone who mines cryptocurrencies and other virtual assets.

This legal diploma also establishes a prison sentence of three to twelve years for anyone who connects cryptocurrency mining equipment and other virtual assets to the National Electric System.

The phenomenon of coin mining has been reported by law enforcement authorities in the country with the arrest of its actors, the majority of whom are Asian immigrants.

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