Nouvelles cryptographiques

Iceland’s Industry to Shift From Crypto Mining to ‘Pure Blockchain Business,’ Insiders Say

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Chairman of an Icelandic data center provider claims that the local crypto industry is going to shift from crypto mining to “pure blockchain business.”

Iceland’s crypto industry is expected to move away from crypto mining and shift to “pure blockchain businesses.This is according to forecasts made by a number of local industry insiders who talked to the news site Red Herring Septembre 23.

Halldór Jörgensson, chairman of Reykjavik-based Borealis Data Center, told Red Herring that demand from local Crypto et blockchain facilities is “shifting more towards the pure blockchain business,” rather than focusing on Bitcoin mining.

According to Jörgensson, the frenzy around Bitcoin (BTC) mining has declined to a level that is “not as crazy as it was a year ago,” when the cryptocurrency has hit its all-time price high. Despite that, the chairman has suggested that the Bitcoin mining “wavehas contributed to the faster growth of local energy and data industries, whose well-developed infrastructures are now expected to provide a boost to blockchain-related businesses.

Iceland has become one of the leaders in crypto mining due to its naturally cold climate, as well as the abundance of cost-efficient renewable energy sourcesmainly geothermal and hydroelectric. The country is home to one of the world’s 5 largest crypto mining farms, whose operator Genesis Mining is reportedly the single largest consumer of electricity in Iceland.

In February, Johann Snorri Sigurbergsson, the business development manager of a local energy supplier HS Orka, predicted that the volume of crypto mining in Iceland will likely double in 2018.

HS Orka’s CEO Asgeir Margeirsson réclamés in July that the industry of crypto mining has pushed “the fourth revolution,” while the director of the Icelandic Institute for Intelligent Machines stated that Bitcoin miners are “central to the industrial revolution that is still under way.

Cependant, HS Orka’s Sigurbergsson also argued that Bitcoin “probably won’t be here far into the future,” claiming that the data centers that are currently used by miners will eventually become new technology incubators.

Earlier this week, blockchain technology group Bitfury announced the launch of its new-generation BTC mining hardware, with plans to use the new machines in its mining centers in Canada, Norway, Iceland and Georgia.

Accueil Nouvelles cryptographiques France Finalizes New ICO Framework to ‘Attract Innovators Globally’
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France Finalizes New ICO Framework to ‘Attract Innovators Globally’

France Finalizes New ICO Framework to ‘Attract Innovators Globally’

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The French government has approved a legal framework for ICOs made to protect contributors.

France’s Minister for the Economy and Finance has announced that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO), according to a tweet posted Wednesday, Septembre 12.

As finance Minister Bruno Le Maire states, the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributorsinterests.

Le Maire also hopes that the current legal framework for ICOs in France will “attract investors from all over the world.

According to the PACTE project published by the National Assembly (lower party of the French parliament), prior to any token issuances, a company must apply for a license from the AMF providing detailed information on the offer and issuer. The measures will provide additional guarantees for ICOs, which AMF had previously considéré comme risky.

France’s President Emmanuel Macron has historically been bullish on emerging innovative technologies, last year proposing to convert France into astartup nation.Later in 2018, in line with Macron’s words, Le Maire introduced his PACTE bill, which aims to transform and innovate the French economy, in March stating France was ready for a “blockchain revolution”.

Cette année, France has also seen changes in rules surrounding crypto taxation, though in a more stringent direction. As Cointelegraph a signalé in May, the French Council of State clarified the specifics of Bitcoin taxation in France to move the tax for Bitcoin trading from a progressive taxation (between 14 et 45 pour cent) to a fixed taxation of 19 pour cent.

In terms of the wider European context, as Cointelegraph a signalé earlier this month, European Parliament members held a meeting with blockchain experts on ICO regulation in early September.

Later Belgian think tank Bruegel released a report that called for unified legislation on cryptocurrencies in the EU and more scrutiny on how they were distributed to investors.

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