Japan to Urge G20 to Prevent Money Laundring via Crypto

Unnamed source in Japanese government doesn't believe that the G20 financial leaders will issue a joint communiqué on the general rules for digital currencies
13 March 2018   676

According to Reuters, referring to an unnamed government source, Japan plans to call on the G-20 leaders to adopt general rules on cryptocurrency, in particular, in order to prevent their use in money laundering.

However, the official with whom Reuters spoke doesn't believe that the G20 financial leaders will issue a joint communiqué on the general rules for digital currencies, as each G20 member country has its own views on how to resolve this issue.

Discussions will focus on anti-money laundering steps and consumer protection, rather than how cryptocurrency trading could affect the banking system.The general feeling among the G20 members is that applying too stringent regulations won’t be good.
 

Unnamed Reuters' Source

The finance ministers and heads of central banks of the G20 countries - an organization that includes the world's largest economies - should meet at a summit scheduled for March 19-20 in Argentina's Buenos Aires. One of the most important issues for discussion will be just virtual currencies.

In addition, during the summit, the Financial Action Task Force on Money Laundering (FATF), which includes 37 countries, will present its findings to G20 members regarding the prevention of the use of new technologies for money laundering. This organization is based in Paris. It was founded by the "big seven" to fight illegal finances.

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.