Auto Added by WPeMatico

US needs ‘electronic tokens’ with functionality of cash — Software Freedom Law Center legal director

Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want.

Continue ReadingUS needs ‘electronic tokens’ with functionality of cash — Software Freedom Law Center legal director

FinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement

Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets.

Continue ReadingFinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement

New York State Assembly Passed Moratorium Bill Targeted at Carbon-Based PoW Mining Sites

New York State’s lower chamber passed a bill on Tuesday, imposing a two-year moratorium on crypto mining facilities that use carbon-based fuel to validate proof-of-work (PoW) blockchain transactions. The legislation…

Continue ReadingNew York State Assembly Passed Moratorium Bill Targeted at Carbon-Based PoW Mining Sites

Riot Blockchain To Build a Private Electricity Station For its Bitcoin Miners

Bitcoin mining is a very energy-intensive activity, but that won’t be a problem for Riot Blockchain Inc. This U.S. mining company decided to create its own electrical substation in Texas…

Continue ReadingRiot Blockchain To Build a Private Electricity Station For its Bitcoin Miners