Decision Making

Breaking: BitMex becomes the first carbon neutral crypto exchange

Source Node: https://coingape.com/breaking-bitmex-becomes-the-first-carbon-neutral-crypto-exchange/
Time Stamp: November 2, 2021 7:44 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

BitMex has come through following its commitment to go carbon neutral, becoming the first crypto exchange to enable carbon-neutral blockchain transactions. The platform has announced that they have spent $100,000 on the purchase of 7,110 tonnes of CO2 credits to cover the environmental footprint of BitMex’s Bitcoin transactions, along with the servers powering the platform for the next year. BitMex has further revealed its plans for the amalgamation of cryptocurrency technologies and environment conservation methods as the exchange understands that merely purchasing CO2 Credits will not be enough in the

Mitsubishi Power Introduces Global Network of “TOMONI HUBs” with Artificial Intelligence to Protect Power Generation and Energy Storage Assets

Source Node: https://www.jcnnewswire.com/pressrelease/68455/3/
Time Stamp: August 3, 2021 6:18 AM - Modified On: August 3, 2021 - Published By:
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Republished By Plato

YOKOHAMA, Japan, Aug 3, 2021 - (JCN Newswire) - Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, is introducing a global network of TOMONI HUBs that use artificial intelligence to provide real-time, cyber-secure interactive support of plant operation and maintenance (O&M) decision making. TOMONI HUBs include connected software, hardware and services that provide pre-warning of impending issues or needed corrective action to avoid unit trips or load reductions, eliminate energy efficiency losses, and avoid unnecessary maintenance.The global network includes TOMONI HUBs in Takasago and Nagasaki, Japan; Orlando, Florida,

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and