Norway eyes crypto mining ban amid local firms’ heavy investments in Bitcoin
Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20.
According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns.
The government says the aim is to preserve electricity for more productive uses.
Karianne Tung, Norway’s Minister for Digitalization and Public Administration, said authorities want to reduce crypto mining activity as much as possible. She added that these operations offer limited economic benefit, bringing in few jobs or tax revenue, despite consuming large volumes of energy.
Meanwhile, this stance puts Norway at odds with a growing…
