FAMEEX Afternoon Crypto News Recap | February 28, 2023

US Congress Eyes Crypto Mining Energy Consumption Despite Sustainability Attempts
https://www.fameex.com/en-AU/news/crypto-trending-news-2023022803
A Whitehouse report claims the US crypto industry’s operations use as much electricity as all of the nation’s home computers combined.

Digital Currency Group Reports $1.1 Billion Loss In 2022
Crypto conglomerate Digital Currency Group (DCG) has posted a $1.1 billion loss for 2022.

California Blockchain Bookkeeping: DMV Adopts Blockchain
Digitally progressive California has achieved another tech first, bringing blockchain to California’s Department of Motor Vehicles in a quest for a better, faster and cheaper administrative process for the state’s motor vehicle record-keeping.

UK Won’t Be Leading on Crypto Regulation, Says UK’s Chief Crypto MP
According to the big British economic institutions, the UK won’t be racing to set the global standards on crypto regulation, says the Parliament’s leading crypto MP.

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