Illinois
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Terawulf Fully Deploys Its 50MW Share in Nuclear-Powered Cryptomine
On April 21st, Bitcoin mining company Terawulf announced the full deployment of its 50 megawatt (MW) share in the nuclear powered Nautilus Cryptomine facility. According to the com
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The new law of Illinois in the United States intends to make unauthorized digital asset business activities a felony
On March 9, the Alliance DAO, a decentralized autonomous organization created by the Web3 entrepreneurship accelerator DeFi Alliance, tweeted that last night in Illinois, a bill (the Digital Assets Regulation Act DARA) proposed to criminalize unlicensed digital assets business activities (i.e., most blockchain activities). If the House of Representatives passes the bill, it may become law in a few weeks. Interpretation of this information: The Alliance DAO has reported a development that could heavily affect blockchain activities in Illinois. A bill called the Digital Assets Regulation Act (DARA) has been…
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Illinois will follow the example of New York to develop a cryptocurrency regulatory system
It is reported that the US state of Illinois will follow the example of New York to develop a cryptocurrency regulatory system, requiring cryptocurrency companies to seek a license similar to New York’s BitLicense, and will also establish a trust company that can handle the custody of digital assets. Cryptocurrency trading platforms and other virtual asset enterprises must provide investment disclosure, protect customer assets, take defensive measures to prevent hacker attacks, and protect themselves from being used for money laundering. Interpretation of this information: The US state of Illinois is…
