New York Cracks Down on Bitcoin Mining

• 3 min read
New York Cracks Down on Bitcoin Mining

THIS WEEK IN CRYPTO

  • New York cracks down on Bitcoin mining. New York Gov. Kathy Hochul signed a law on Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. For the next two years, unless a proof-of-work mining company uses 100% renewable energy*, it will not be allowed to expand or renew permits, and new entrants will not be allowed to come online.
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