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
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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