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Miami Looks to Attract Bitcoin Miners

Written by:
Aaron Goldstein
Published on:
Jun/21/2021

CNBC.com's MacKenzie Sigalos reports from Miami, where the mayor hopes to woo crypto miners with cheap nuclear energy amid a crackdown in China.

Regulators must crack down on unethical and illegal digital asset promotion

Jordan Atkins, writing an opinion piece for CoinGeek:

"There was a time the digital asset industry was such a niche that its only investors were dedicated technophiles: people who had either been drawn in by the early writings of Satoshi Nakamoto or by a general excitement at what could be achieved with digital cash.

"In 2021, the reality is much different. The number of laypeople pouring their money into ‘crypto’ is growing exponentially, lured in by fantasies of overnight wealth and the false idea that BTC’s 300% gains over the past year can only continue. Companies in the industry—exchanges and well-funded propaganda machines—rely on this hype, so must cultivate it: they have to convince the uninitiated that not only are digital assets the path to fabulous riches, but that their platform is the vehicle to get you there.

"Such promotion is obviously unethical. Though you wouldn’t know it by looking at your average digital asset advertisement, it’s also illegal: there are laws on the books which protect individuals from false advertising generally, and the SEC’s anti-touting laws limit the ways in which securities are promoted, for example."

A graduate of the University of Auckland law school, Jordan Atkins has experience in the legal, publishing and consulting sectors. He has served as editor and contributed to a variety of publications in the business, legal and sporting spheres, and currently provides legal coverage and analysis on the digital currency ecosystem.

- Aaron Goldstein, Gambling911.com

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