Judge Denies Canadian Gold Mining Company’s Request to Pay $250,000 Pollution Fine With Crypto

  • Alex Dovbnya
    📰 News

    Atlanta Gold Inc. was planning to raise $250,000 with a token sale in order to pay for their pollution fine. However, an Idaho federal judge denied their request


Judge Denies Canadian Gold Mining Company’s Request to Pay $250,000 Pollution Fine With Crypto

Atlanta Gold Inc., a Toronto-headquartered gold mining company, was planning to raise $250,000 with a token sale in order to pay for their pollution fine, Idaho Statesman reports. However, an Idaho federal judge denied their request.

The company was supposed to launch a sale for a brand-new cryptocurrency dubbed Four Nine Gold. Atlanta Gold provided the judge with a whitepaper that outlines the peculiarities of a new token, stating that residents of China, US and a slew of other countries would not be eligible to buy it. However, the judge dismissed this information as not reliable.

Atlanta Gold is obliged to pay its fine by Sept. 14.

Cover image via u.today
Join our Telegram channel to get news even faster!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

👓 Recommended articles