Mining moratorium avoided in Montana
The public hearing on cryptocurrency mining in Montana goes into the next round as regulators pushed for a one year moratorium. However, legal representatives of mining companies challenged the ability of local authorities to decree such a moratorium. For now, it seems that there is no reason to expect such a moratorium. Instead, the local state government is looking to establish official regulation of mining activities. Concerns of many people in Montana regard the energy prices and noise annoyance through mining rigs. Montana attracted many mining companies with its cheap energy prices. As a consequence, the issues related to mining are widespread in the state.
Monero Starts a Project to Combat Cryptocurrency Mining
Monero has announced that it will launch a website that will empower users with information about various crypto mining malware. The website will also go an extra mile to offer information on how to deal with a malware attack. With this move the Monero team tries to promote itself as a crypto project that values its users. One of Monero’s advantages are its privacy features. As of now, it is also easier to mine compared to other digital currencies such as bitcoin.
Japan’s exchanges push for stricter self regulation
A few weeks after the hack of Zaif the Japan Virtual Currency Exchange Association (JVCEA) is revisiting its rules for cryptocurrency exchanges. The JVCEA represents the 16 officially licensed exchanges in the country. The association announced that it wants to cap the managed capital in cryptocurrencies for each exchange. However, the JVCEA has yet to determine a fix percentage for this but representatives talked about 10 – 20% of the crypto assets of their customers. The JVCEA wants to collaborate closely with the Japanese government to establish reasonable regulation for the crypto market.