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ECB urges EU to curb virtual money for fear of losing control
By Francesco Canepa
Reuters
Tuesday, October 18, 2016
FRANKFURT, Germany -- The European Central Bank wants EU lawmakers to tighten proposed new rules on digital currencies such as bitcoin, fearing they might one day weaken its own control over money supply in the euro zone.
The European Commission's draft rules, aimed at fighting terrorism, require currency exchange platforms to increase checks on the identities of people exchanging virtual currencies for real ones and report suspicious transactions.
In a legal opinion published on Tuesday, the ECB said EU institutions should not promote the use of digital currencies and should make clear they lack the legal status of currency or money. ...
... For the remainder of the report:
http://www.reuters.com/article/us-ecb-bitcoin-eu-idUSKCN12I1HC
K92 Mining Begins Gold Production at Kainantu Mine
Company Announcement
Wednesday, October 5, 2016
K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.
Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."
...For the remainder of the announcement:
http://www.k92mining.com/2016/10/6077/
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http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.html
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