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Local officials from Douglas County in central Washington,
The United States has revealed that the county is trying to build a blockchain
innovation institute. The report was published January 11 by the local newspaper
The Seattle Times newspaper.
Bitcoin (BTC) Price today – BTC / USD
As a report, Douglas County has already hosted a
substantial crypt mining industry. The miners were attracted to various counties
Central Washington in recent years because the region offers easy access to
cheaper electricity tariffs.
Douglas County officials: Blockchain could spend less
Volatile Sector
According to the Seattle Times,
local Douglas County officials hope the Blockchain initiative can do it
to feed a sector with less volatility.
The Seattle Times cites Lisa Parks, who serves as executive director of
Port of Douglas County:
"There is only the boom and the bankruptcy of the
[cryptocurrency] history."
The effort in the
the county received a number of grants
and support including a $ 50,000 grant from the Douglas County Department of
Trade.
The most economical access to hydroelectricity has left Douglas
County with an abundance of high-speed computing
The county is known previously for being rich in
local business encrypted, and this
he left it with plenty of cryptic experience and high-speed computing.
These coupled with low-cost energy access
constitutes a serious advantage for
developing Blockchain technology.
It is important to stress that not all regions in
the center of Washington was friendly
towards the Blockchain industry and cryptocurrency. We can remember from to
previous Cointelegraph report in November 2018; the public utility district of Chelan County, in central Washington
is trying to implement a new energy pricing structure to encrypt extraction
pass rates of an increase in electricity demand.
Furthermore, according to reports, Ephrata, a city in Washington
stopped new mining developments for the
12 months after October of last year. However, Douglas County did not increase his
energy prices for new cryptographic ministries abruptly
and does not see the time to expand the industry.
In November of last year, the main producer of ASIC crypto-mining
Bitmain has opened a $ 20 million facility in Douglas County. The new mine
plant will use about 12 megawatts of hydropower. This amount of energy
it will feed at least 1,500 to almost 4,800 homes.
According to the contents published by the Seattle Times,
this trend is destined to continue after greater
Giga Watt, an important cryptocurrency company and blockchain, filed for bankruptcy in the
the same month of November of last year. It is said that the company
be indebted to the Douglas County audience
Utility District $ 310,000.
The Malaysian government remains undecided about it
Legalize Cryptocurrency
In other reports Blockchain and cryptocurrency, The
The Malaysian government still remains
undecided about legalizing
crypto or not. This news was published by the local media in English the New
Straits Times on January 12th.
When an answer is given to
a question about whether cryptographic resources are legal or illegal in the current
framework, the Malay is the Minister Khalid Abdul Samad, said:
"At the moment, our answer to this question is not legal
or illegal. The situation is not clear. "
Samad stressed that although he was involved in the
Launch of the Harapan currency (a proposed political digital currency), he was not appointed Minister of Finance. So, the question does not fall under his
Jurisdiction.
