News18 on Nostr: Biden Blocks China-Linked Crypto Firm’s Attempt To Purchase Land Near US Nuclear ...
Biden Blocks China-Linked Crypto Firm’s Attempt To Purchase Land Near US Nuclear Base
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The White House stopped a China-linked cryptocurrency firm, MineOne Partners, from buying land near the US Air Force Base where Minuteman III intercontinental ballistic missiles are kept. The order requires MineOne Partners Limited to divest from the land it purchased in 2022, which sits less than a mile from Wyoming’s Francis E. Warren Air Force Base. The decision follows an investigation by the Committee on Foreign Investment in the United States (CFIUS), which identified national security risks with the purchase of land near the nuclear base. CFIUS also raised concerns about the installation of specialized crypto mining equipment on the land, potentially capable of facilitating surveillance and espionage activities. This is part of the Biden administration's efforts to keep Chinese-owned companies away from technology deemed crucial to national security.
#Biden #China #CryptoFirm #LandPurchase #UsNuclearBase
https://www.news18.com/world/biden-blocks-china-linked-crypto-firms-attempt-to-purchase-land-near-us-nuclear-base-8889562.html
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The White House stopped a China-linked cryptocurrency firm, MineOne Partners, from buying land near the US Air Force Base where Minuteman III intercontinental ballistic missiles are kept. The order requires MineOne Partners Limited to divest from the land it purchased in 2022, which sits less than a mile from Wyoming’s Francis E. Warren Air Force Base. The decision follows an investigation by the Committee on Foreign Investment in the United States (CFIUS), which identified national security risks with the purchase of land near the nuclear base. CFIUS also raised concerns about the installation of specialized crypto mining equipment on the land, potentially capable of facilitating surveillance and espionage activities. This is part of the Biden administration's efforts to keep Chinese-owned companies away from technology deemed crucial to national security.
#Biden #China #CryptoFirm #LandPurchase #UsNuclearBase
https://www.news18.com/world/biden-blocks-china-linked-crypto-firms-attempt-to-purchase-land-near-us-nuclear-base-8889562.html