Norway Places Temporary Ban on Crypto Mining Data Centres to Prioritise Productive Industries ⋆ ZyCrypto
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Norway announced plans to ban new data centres, purpose-built for crypto mining, to conserve electricity for more productive businesses, such as industries that employ more Norwegians and improve the country’s economy. Bitcoin and other proof-of-work cryptocurrencies use substantial electricity to validate their ecosystems. In April 2024, the Norwegian government announced plans to restrict data centres to focus resources on more productive forms of work. Norway’s digitisation Minister, Karianne Tung, said the initiative aimed to control and limit undesirable projects such as crypto mining.
Terje Aasland, Energy Minister for Norway, said that the main impetus for…
