{"id":38914,"date":"2023-07-04T13:52:04","date_gmt":"2023-07-04T18:52:04","guid":{"rendered":"https:\/\/huewhite.com\/umb\/?p=38914"},"modified":"2023-07-04T13:53:11","modified_gmt":"2023-07-04T18:53:11","slug":"currency-always-has-costs-ctd-45","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2023\/07\/04\/currency-always-has-costs-ctd-45\/","title":{"rendered":"Currency Always Has Costs, Ctd"},"content":{"rendered":"<p>But apparently in Libya the costs are a little less &#8211; at least until you <em>get caught<\/em>:<\/p>\n<blockquote><p>Libyan authorities have detained 50 Chinese nationals in a raid of a crypto-mining operation in the west of the country, the prosecution in\u00a0<a href=\"https:\/\/www.al-monitor.com\/originals\/2022\/07\/rival-libya-military-leaders-meet-tripoli\" target=\"_blank\" rel=\"noopener\">Tripoli<\/a> said Thursday. &#8230;<\/p>\n<p>Prosecutors said in a statement that Interior Ministry agents were searching a farm in Zliten, 160 kilometers (99 miles) east of the capital and found \u201cminors [sic] exploiting significant material capacity to generate virtual currencies with the help of 50 Chinese nationals.\u201d\u00a0<em>[<a href=\"https:\/\/www.al-monitor.com\/originals\/2023\/06\/libyan-police-detain-50-chinese-nationals-crypto-farm-bust?utm_medium=email&amp;utm_campaign=business%20newsletter%2062823%20June%2028%202023%20624&amp;utm_content=business%20newsletter%2062823%20June%2028%202023%20624+CID_e7c909a68c7ec24b2e449891b4ea675f&amp;utm_source=campmgr&amp;utm_term=a%20raid%20of%20a%20crypto-mining%20operation\" target=\"_blank\" rel=\"noopener\"><strong>AL-Monitor<\/strong><\/a>]<\/em><\/p><\/blockquote>\n<p>And &#8230;<\/p>\n<blockquote><p>On Wednesday, prosecutors said police had dismantled another illegal crypto-mining operation in the port city of Misrata, adding it was operated by 10 Chinese nationals.<\/p><\/blockquote>\n<p>Which is a bit odd, given official disapproval of cryptocurrencies by China. Are the involved Chinese operating without official sanction?<\/p>\n<p>It reminds me of when normal currencies were being forged by criminals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>But apparently in Libya the costs are a little less &#8211; at least until you get caught: Libyan authorities have detained 50 Chinese nationals in a raid of a crypto-mining operation in the west of the country, the prosecution in\u00a0Tripoli said Thursday. &#8230; Prosecutors said in a statement that Interior \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2023\/07\/04\/currency-always-has-costs-ctd-45\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38914","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/38914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=38914"}],"version-history":[{"count":3,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/38914\/revisions"}],"predecessor-version":[{"id":38917,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/38914\/revisions\/38917"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=38914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=38914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=38914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}