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.

New York becomes first state to restrict cryptocurrency mining

12 days ago·New York, United States

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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

12 days 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.

13 days 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

13 days ago·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.

13 days 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.

13 days ago·Washington, 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.…

13 days ago·Idaho Falls, United States

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