Post
Topic
Board Bitcoin Discussion
Re: A whole set of regulatory measures in action
by
pawel7777
on 06/03/2018, 10:29:09 UTC
...
* Brazil regulators move to block bitcoin mining investments
* TD bank, one of the largest bank in North america to block credit card cryptocurrency purchases
* A city in US proposed law to put 18 month moratorium on new mining operations
* Coinbase is legally required to turnover information to IRS on approximately 13000 of its customers
* 24-Year-Old Sent to Prison for Selling Bitcoin Without Asking for ID
...

Only one of these examples is actually somehow related to new regulation proposals. Other 4 are just executing existing laws to bitcoin-related activities.

US City Mulls 18-Month Moratorium on Bitcoin Mining

Local authorities are (rightfully) concerned over excessive power use of Bitcoin mining and it's their job to assess the risk and prevent negative consequences.

Quote
The proposed law was advanced by Mayor Colin Read, who told the Watertown Daily Times that the growth of crypto mining in Plattsburgh "has increased our power usage and put us over our threshold, and it is affecting our ratepayers."

Moratorium could sound like an overkill, but that's still better than having your mining farm invaded by pitchfork mob.