Published 1 year ago

New York becomes first state to restrict cryptocurrency mining

Summary by Ground News

New York Gov. Kathy Hochul signed a new law banning cryptocurrency mining that uses carbon-based energy. The law requires crypto mining companies to use 100% renewable energy. Under the new law New York's Department of Environmental Conservation will study the environmental impacts of crypto mining.

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News18 India

New York Becomes First State in US To Restrict Cryptocurrency Mining; Governor Signs Law

The measure comes amid growing scrutiny of the cryptocurrency industry following this month's collapse of the FTX exchange

1 year ago·India

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Associated Press News

NY gov signs novel law that limits cryptomining, for now

ALBANY, N.Y. (AP) — New York is taking a first-in-the-nation step to tap the brakes on the spread of cryptocurrency mining, under legislation that Gov.

1 year ago·United States

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abc News

NY gov signs novel law that limits cryptomining, for now

New York is tapping the brakes on the spread of cryptocurrency mining

1 year ago·United States

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KIFI

NY gov signs novel law that limits cryptomining, for now - Local News 8

ALBANY, N.Y. (AP) — New York is tapping the brakes on the spread of cryptocurrency mining. Gov. Kathy Hochul signed a first-in-the-nation law Tuesday. The measure sets a two-year pause moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive “proof-of-work” cryptocurrency mining. That’s a term for the computational process that records and secures transactions in bitcoin and similar forms of digital money.…

1 year ago·Idaho Falls, United States

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CNBC

New York governor signs first-of-its-kind law cracking down on bitcoin mining — here's everything that's in it

New York governor signs law banning certain bitcoin mining operations that run on carbon-based power sources.

1 year ago·United States

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The Hill

New York becomes first state to restrict cryptocurrency mining

New York Gov. Kathy Hochul (D) on Tuesday signed a law temporarily restricting cryptocurrency mining in the state over environmental concerns, making it the first state nationwide to implement such a move.

1 year ago·Washington, United States

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