Moratorium
Go green or go home? What the NY State mining moratorium could mean for crypto industry
On April 26, the State of New York put itself at the forefront of the regulatory struggle with crypto, as its Assembly voted for a two-year moratorium on crypto mining operations that use energy generated by fossil-fuel power plants. Depending on how one looks at it, this development could either signal a new alarming legislative trend or a trigger that would accelerate the digital asset industry’s movement toward a more sustainable path. Moratorium with further evaluation The lower chamber of the NY state legislature, the Assembly, passed a bill that would put a two-year hold on any new mining operations using the proof-of-work (PoW) consensus mechanism, as well as on the renewal of existing permits. The bill, S6486D/A7389C, is marketed by its sponsors as a necessary act of complian...
Labour ministry debunks human trafficking allegations
The Ministry of Labour and Employment has finally come out to debunk the allegations claiming that it was complicit to human trafficking of Nigerian girls by issuance of illegal Recruiter’s License to Private Employment Agencies (PEAs). The spokesperson of the Ministry, Mr Charles Akpan, stating through statement said that the Ministry has not issued any Recruiters Licence with respect to the placement of Nigerian citizens abroad in breach of the relevant provisions of the Labour Act. The Chairman, House of Representatives Committee on Diaspora, Tolulope Akande-Sadipe, had reportedly accused the Ministry of illegally issuing of licences to PEAs, which she said paved way for the trafficking of Nigerians. The statement read in part: “The Ministry wants to state categorically that it has not ...
