The Norwegian government is considering a temporary order to ban crypto mining activities in order to free up electrical power, network capacity, and space for other purposes. An investigation will be conducted in the fall, which could lead to a ban on cryptocurrency mining data centers. The government stated that it has the authority to enforce this under the Planning and Building Act. Crypto mining raises concerns about environmental impact, noise, and energy consumption in the context of rising electricity prices in Europe due to the effects of the Russia-Ukraine war. Norway is not the first country to consider a ban — Russia has implemented it in 10 regions, while China previously imposed an outright ban, causing many activities to shift to America. Despite criticism, crypto mining remains legal in most states of America.
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The Norwegian government is considering an order to ban crypto mining in the context of concerns about energy supply.
The Norwegian government is considering a temporary order to ban crypto mining activities in order to free up electrical power, network capacity, and space for other purposes. An investigation will be conducted in the fall, which could lead to a ban on cryptocurrency mining data centers. The government stated that it has the authority to enforce this under the Planning and Building Act. Crypto mining raises concerns about environmental impact, noise, and energy consumption in the context of rising electricity prices in Europe due to the effects of the Russia-Ukraine war. Norway is not the first country to consider a ban — Russia has implemented it in 10 regions, while China previously imposed an outright ban, causing many activities to shift to America. Despite criticism, crypto mining remains legal in most states of America.