COPENHAGEN, June 20 (Reuters) – Norway goals to impose a brief ban on the institution of latest information centres that mine cryptocurrency with essentially the most power-intensive expertise, to be able to preserve electrical energy for different industries, the Nordic nation’s authorities mentioned on Friday.
“The Labour Get together authorities has a transparent intention to restrict the mining of cryptocurrency in Norway as a lot as doable,” Minister for Digitalization and Public Administration Karianne Tung mentioned in a press release.
“Cryptocurrency mining may be very power-intensive and generates little in the way in which of jobs and earnings for the local people,” she added.
A short lived ban could possibly be launched throughout the autumn of 2025, the federal government mentioned.
