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New York State Passes Two-year Moratorium on Some Crypto Mining Facilities

1 min read Original Link

New York became the first U.S. state to enact a temporary ban on new cryptocurrency mining permits at fossil fuel plants, despite a strong lobby effort by cryptocurrency industry groups against the measure. The bill is aimed at mitigating and assessing the environmental impact of the industry. The annualized carbon footprint of Bitcoin, the world’s largest cryptocurrency, is comparable to the carbon footprint of the country of Belarus. (forkast)

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