why does new york ban crypto

Last Updated on October 2, 2023 by Paganoto

Fight Looms Over New York's Bid to Slow Crypto-Mining Boom

Fight Looms Over New York's Bid to Slow Crypto-Mining Boom

The legislation in New York comes after China cracked down on crypto mining last year, forcing some operations to relocate to the United States. Some miners are now reviving broken-down coal plants, or using low-cost natural gas, to power their computers.Jun 7, 2022

New York's push to ban crypto mining triggers response from …

New York's push to ban crypto mining triggers response from …

As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community …

New York may partially ban cryptocurrency mining if Hochul …

New York may partially ban cryptocurrency mining if Hochul …

Supporters of the moratorium do generally support a complete ban on the energy-intensive type of cryptocurrency mining underlying Bitcoin. The …

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

Lawmakers in New York just passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources.

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 …

New York Senate passes moratorium to ban carbon-based …

New York Senate passes moratorium to ban carbon-based …

The New York Senate has passed a bill that bans crypto mining operations that use carbon-based fuel to power their facilities.

New York Mining 'Ban' Is a Green Opportunity – CoinDesk

New York Mining 'Ban' Is a Green Opportunity – CoinDesk

Late last week, New York’s Senate passed a moratorium impacting bitcoin mining in the state. It’s not a ban of proof-of-work mining per se, …

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.

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

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

If you’re a cryptocurrency miner based in New York, it may be time to pack up shop. The New York Senate passed Bill S6486D banning …

A Moratorium on Crypto Mining in New York Could Lead to …

A Moratorium on Crypto Mining in New York Could Lead to …

On June 3, the New York Senate passed the U.S.’s first statewide moratorium on cryptocurrency mining, aimed at energy-intensive operations …