Petra van der Veen, team leader of the fraud team for leading Dutch distribution network operator, Stedin, states that unexplained heat and electricity problems experienced in a neighborhood are reliable indicators of potential electricity fraud.
She recalls: “Once, we got a report from people saying their walls were strangely hot.
“Electricity fraud can pose dangerous situations for the neighbors,” Van der Veen adds.
“That’s why detecting electricity theft is one of our priorities.
The document then discusses some of the specifics pertaining to commodity regulations, securities, and initial coin offerings.
In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […]
The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News.
“We will make electricity so cheap only the rich will burn candles,” Thomas Edison reportedly said during the first public demonstration of his light bulb. Unfortunately, it wasn’t made cheap enough.
Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.