DMM will launch Bitcoin farm and pool

Japan’s Entertainment Giant and operator of e-commerce website with 27 million members will operate a large-scale cryptocurrency mining farm
09 September 2017   1009

The giant of e-commerce DMM Group reported on plans to build a large mining farm. This is reported by Bitcoin Com.

DMM believes that the new business unit will be one of the largest mining farms in the world. Preparatory work for the launch of the farm will begin in October, and full-fledged work of DMM Pool will begin next year.

“DMM Mining Farm” will operate a mass-scale, made-in-Japan quality, mining farm whose operating size will be unmatched by any of the domestic operators. In the future, DMM plans operation that ranks in top three of the world’s mining farm companies in terms of scale. After completion of successful trials in October 2017, “DMM POOL” will be released for world-wide use within the year 2017. During the year 2018, DMM will be one of the 10 largest mining farms in the world.
 

DMM Team

Among other things, the new division of DMM plans to provide a wide range of users of cloud-based services.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   82

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.