Employees of the local headquarters of the National Police in Rivne, Ukraine have been mining cryptocurrency at work, local news outlet 368.media reports today, May 22.Citing materials from criminal proceedings, 368.media reports that employees of the local Police's Communications Department have been accused of stealing electricity to mine cryptocurrency in the workplace.
The unnamed employees were allegedly mining cryptocurrency at work for four months.
368.Media notes that it is yet unclear how much electricity was reportedly stolen or what kind of cryptocurrency was being mined.
368.Media writes that employees at the National Police's Department for Internal Security found cryptocurrency mining equipment in the office of the Communications Department this April.
A regional bureau investigator confiscated a total of eight video cards, six power supply units, two hard drives, a motherboard, and a full computer system unit.
Cryptocurrency mining is legal in Ukraine, and the legal and regulatory status of cryptocurrency will soon be decided, according to draft legislation from Ukrainian parliament released last week.
Previously, the head of the Ukrainian National Securities and Stock Commission said they were considering recognizing cryptocurrencies as a financial instrument.
Ukraine: Police Employees Accused of Stealing Electricity to Mine Crypto, Report Says
Published on May 22, 2018
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.