The city mayor of Plattsburgh, Mayor Colin Read, talks about the status of cryptocurrency in his city.
– Plattsburgh has placed an 18-month moratorium for all cryptocurrency-related operations.
– The status of cryptocurrency moratorium and budget was discussed during the city mayor’s latest announcement.
– All these started because of the sudden skyrocket of electricity consumption in the city.
Since cryptocurrency operations began in Plattsburgh, the overall consumption of the city has been widely affected. The residents were reported to have increased electricity bill charges, this is due to the fact that the electricity quota for the entire city has been breached.
During his announcement, Mayor Read also said that two or more subcommittees are already investigating the different views which are related to this emerging and booming assets exchange industry.
He has instructed the different sub-committees to report back to him as soon as they have their updates on the said issue.
Read the entire article here – http://wamc.org.