why are btc illegal in new york

Last Updated on April 30, 2023 by Paganoto

Here's what's in New York's new bitcoin mining ban – CNBC

Here's what's in New York's new bitcoin mining ban – CNBC

New York just passed a bill cracking down on bitcoin mining — here's everything that's in it. Lawmakers in New York just passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it.Jun 3, 2022

New York Clamps Down On Bitcoin Mining In Newly Passed Bill

New York Clamps Down On Bitcoin Mining In Newly Passed Bill

Lawmakers in New York passed a bill that bans some types of cryptocurrency mining that rely on carbon-based fuel during an early morning …

New York may partially ban cryptocurrency mining if Hochul …

New York may partially ban cryptocurrency mining if Hochul …

Now New York is the on verge of becoming the first state in the nation to partially ban some energy intensive Bitcoin mining operations.

What's in the New York State Crypto Mining Moratorium Bill

What's in the New York State Crypto Mining Moratorium Bill

The state of New York is considering a law that would ban cryptocurrency mining in the state if not powered by a renewable energy source.

New York State's Crypto Mining Ban Means a Foggy Future for …

New York State's Crypto Mining Ban Means a Foggy Future for …

The Empire State just banned one of the most popular forms of cryptocurrency mining. It could be a harbinger for more widespread legislation …

What to know about cryptocurrency, Eric Adams and NYC – NY1

What to know about cryptocurrency, Eric Adams and NYC – NY1

New York’s license is called a BitLicense, and currently only 29 companies have approval through the state to trade cryptocurrencies. This year, …

New York State Assembly passes ban on new BTC mines that …

New York State Assembly passes ban on new BTC mines that …

The New York State Assembly passed a bill late on Tuesday that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining …

New York governor yet to commit to signing Bitcoin mining …

New York governor yet to commit to signing Bitcoin mining …

If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able to set up shop or renew existing …

Bitcoin Mining Ban Bill Makes It Out of New York State …

Bitcoin Mining Ban Bill Makes It Out of New York State …

It would effectively ban PoW mining – the energy-intensive process used to secure the Bitcoin (BTC) network – for a period of two years. The …

New York State Senate Passes Bitcoin Mining Moratorium

New York State Senate Passes Bitcoin Mining Moratorium

The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years.