Malaysian palm oil company IOI Corporation said on Friday it had been made aware of a letter from the U.S. Customs and Border Protection (CBP) about opening an investigation into allegations of labour abuses at the company. According to IOI, CBP in the letter to a labour activist acknowledged the receipt of a petition providing information on alleged forced labour conditions at the company and found it sufficient to open an investigation.
China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan. "Many miners are exiting the business to comply with government policies," said Mike Huang, operator of a cryptomining farm in the southwest province of Sichuan. "Mining machines are selling like scrap metal."
Crypto ATMs are seen as a way for people to interact with the physical world, particularly those who are not well-versed in cryptocurrencies.